REGINA — The Government of Saskatchewan is amending The Management and Reduction of Greenhouse Gases Act to allow more clean energy to be added to the province’s electricity system.
The changes will require all electricity sector compliance payments under the province’s Output-Based Performance Standards (OBPS) Program to be directed towards ongoing developments and future investments needed to achieve a clean provincial electricity grid by 2050.
To build a clean energy future, the Government of Saskatchewan will create a dedicated investment fund to deploy Saskatchewan’s first small modular reactor, as well as supporting SaskPower’s clean electricity operating costs to help maintain overall power rate affordability, according to a press release.
All other compliance payments from industrial emitters will continue to be deposited into the Saskatchewan Technology Fund for projects that reduce, sequester or capture emissions.
Further details will be included in the 2023-24 third-quarter report and as part of the 2024-25 provincial budget in March.
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