Maritime provinces sign energy deal, will consider regional electricity operator
Canada's Maritime provinces have signed a memorandum of understanding to coordinate electricity transmission and explore the creation of a regional power operator. The federal government is supporting the initiative with funding for new undersea power cables.
Why it matters
Regional energy integration is a critical step for improving grid reliability and meeting long-term climate and economic development goals.
Canada’s three Maritime provinces agreed Thursday to work together on their future electricity needs as the country looks to bolster its energy security.
The provincial governments plan to make a regional road map for electricity transmission by next spring and will consider creating an independent electricity system operator to manage power delivery in the Maritimes.
The commitment is part of a broad memorandum of understanding signed by New Brunswick, Nova Scotia and Prince Edward Island.
New Brunswick Premier Susan Holt said the deal will lead to more affordable electricity prices as the provinces co-ordinate on what energy projects they build.
“It benefits all three of our provinces and really strengthens our ability to be resilient,” Holt told reporters Thursday.
Holt, P.E.I. Premier Rob Lantz and Nova Scotia Premier Tim Houston announced the deal ahead of a meeting between Canada’s premiers and Prime Minister Mark Carney in Charlottetown on Thursday.
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