Proposing Tidal FIT Rates for Nova Scotia

Synapse supported the Nova Scotia Utility and Review Board in setting a Feed-In Tariff (FIT) rate for tidal energy projects. This is a guaranteed rate that approved tidal projects will be paid for energy by the local utility, Nova Scotia Power. Building on its work with the Board in 2011 establishing FITs for other renewable technologies, Synapse researched the cost and performance characteristics of today’s tidal power arrays and facilitated a stakeholder process in which participants provided input. In January 2013 Synapse filed a proposed tariff rate with the Board, and in February the Board held hearings to review this proposal. The Board accepted Synapse’s proposed rates.