Newfoundland's Electricity Options: Making the Right Choice Requires and Efficient Pricing Regime
AbstractThe Government of Newfoundland and Labrador is assessing whether to authorize the multi-billion dollar Muskrat Falls hydroelectricity project on the lower Churchill River in Labrador. Proponents say it is needed to handle expected increases in electricity consumption. A better first step, however, would be to reform provincial regulations that set artificially low prices for electricity and support excessive power consumption, which is a problem in Newfoundland as it is in other provinces. Changing regulatory regimes so that the price of electricity reflects underlying costs would make economic sense and promote energy conservation. For Newfoundland, such a change could make the expensive Muskrat Falls project unnecessary.
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Bibliographic InfoPaper provided by C.D. Howe Institute in its series e-briefs with number 129.
Length: 6 pages
Date of creation: Jan 2012
Date of revision:
Publication status: Published on the C.D. Howe Institute website, January 2012
Economic Growth and Innovation; Governance and Public Institutions; Water Series; Province of Newfoundland; electricity; hydro; pricing; Newfoundland and Labrador Hydor (NLH); Nalcor Energy; Muskrat Falls Plan (MFP); Isolated Island Option (IIO);
Find related papers by JEL classification:
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
- L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-04-17 (All new papers)
- NEP-ENE-2012-04-17 (Energy Economics)
- NEP-ENV-2012-04-17 (Environmental Economics)
- NEP-REG-2012-04-17 (Regulation)
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