Rainbow Energy Seeks 10-Year U.S. Export Permit
Canada Gazette, Part I, Volume 158, Number 29: COMMISSIONS
Rainbow Energy Marketing Corporation applied on 2024-07-10 to the Canada Energy Regulator to export up to 4 380 000 MWh of firm energy and 4 380 000 MWh of interruptible energy per year for 10 years. The CER is accepting written public submissions on the application (deadline 2024-08-21) before deciding whether to issue a permit or refer the application to a licensing process; the applicant may answer submissions by 2024-09-05.
- Published
- July 20, 2024
- Department
- Unavailable
- Section
- CANADA ENERGY REGULATOR
- Comment deadline
- August 21, 2024
- Effective date
- Unavailable
- Publication part
- Part I
Summary
Summary#
Rainbow Energy Marketing Corporation applied on 10 July 2024 to the Canada Energy Regulator under the Canadian Energy Regulator Act for permission to export up to 4 380 000 MWh of firm energy and up to 4 380 000 MWh of interruptible energy each year for 10 years. The Commission of the Canada Energy Regulator is asking for public views before it decides whether to issue a permit or send the application to a licensing process.
What it does#
- Asks the regulator to allow exports of up to 4 380 000 MWh (firm) and 4 380 000 MWh (interruptible) per year for 10 years.
- Opens a public comment process so interested parties can file written submissions by 21 August 2024.
- Allows the applicant to file answers to submissions by 5 September 2024.
- Makes the full application available on the CER website and by email on request (powerconfirms@rainbowenergy.com). Submissions are to be filed online with the CER and emailed to the applicant.
Who's affected#
- Rainbow Energy Marketing Corporation (the applicant) and other electricity traders/exporters.
- Provincial utilities and electricity markets in the province(s) where the exported power would come from. The notice does not say which province(s) will supply the electricity.
- Large buyers of electricity in Canada who may have declared an interest in buying power domestically.
- Consumers and local regulators who want to comment on possible effects on supply, prices or provincial markets.
Why it matters#
- Approving large, long-term electricity exports can affect how much power stays in a region, which in turn can influence prices and reliability for local customers and utilities.
- The regulator specifically wants comments on impacts to provinces other than the one supplying the electricity and on whether domestic buyers were properly offered the chance to purchase the power on equal terms.
- Interested parties have a limited window to comment (deadline 21 August 2024) if they want their views considered before a permit or licensing decision.
Key topics
Source: Canada Gazette