by Dan Roscoe, President of Renewall
Energy costs in our province have been unpredictable, leaving many Nova Scotians wondering how to manage their electricity bills. Power Purchase Agreements (PPAs) provide a solution, offering long-term price stability and access to clean, affordable wind energy. Once reserved for large corporations, PPAs will now be available to homeowners and businesses alike, ensuring a more secure and sustainable energy future.
A Power Purchase Agreement is a contract between an energy provider—like Renewall—and an energy buyer, such as a business, municipality, or even a community. These agreements, which typically span 10 to 25 years, allow customers to secure a predictable rate for their electricity, shielding them from market volatility and rising costs.
Types of PPAs
Wind Energy: The Province’s Lowest-Cost Power Source
Wind energy is already the most affordable source of electricity in Nova Scotia, with recent contracts securing rates lower than the current average cost of energy. Renewall ensures customers benefit from these savings by purchasing clean energy from wind farms under long-term PPAs, providing stable and predictable electricity costs for years to come.
Protection from Rising Electricity Prices
A PPA ensures stability, shielding businesses, institutions, and municipalities from price spikes. Imagine a municipality that locks in its electricity costs today—while others are exposed to future price hikes, they’ll be enjoying predictable, lower costs, gaining a financial edge and becoming more competitive over time.
Boosting Local Renewable Energy Growth
PPAs are not just good for those who sign them—they benefit all Nova Scotians by accelerating renewable energy development. More wind energy projects mean more local jobs, a stronger economy, and greater energy independence. A growing renewable sector also enhances grid stability and reduces reliance on expensive imported fossil fuels.
Businesses & Institutions: A Smarter Energy Future
From corporations to municipalities and universities, organizations that lock in long-term renewable energy deals can reduce their costs while meeting sustainability goals. Global giants like Google and Amazon have used PPAs for years to secure low-cost, clean energy—now Nova Scotian businesses have the same opportunity.
Residential Customers: Stability for the First Time
For the first time in Nova Scotia’s history, homeowners and small businesses can secure long-term protection against electricity rate hikes. By choosing a PPA, residential customers gain predictable, affordable energy—allowing them to budget with confidence and avoid the stress of fluctuating power bills.
Community energy projects are gaining momentum worldwide. By pooling resources, local groups or municipalities could invest in shared renewable energy projects, ensuring collective benefits for participants. While not yet common in Nova Scotia, this model presents an exciting future opportunity.
Supporting Nova Scotia’s Clean Energy Goals
The province has committed to achieving 80% renewable energy by 2030, and PPAs will be a critical tool in achieving this goal affordably. As we transition away from fossil fuels, PPAs offer a way to accelerate adoption while keeping costs low for consumers.
Why Now is the Time to Act
With demand for renewable energy growing and wind capacity increasing, now is the perfect time for homeowners, businesses, institutions, and municipalities to explore PPAs. Those who act early will secure the best rates and ensure long-term energy stability.
At Renewall, we are dedicated to guiding Nova Scotians through the PPA process. Our mission is to make Nova Scotia the world leader in clean energy, and that means helping our customers secure lower, long-term renewable energy costs. Whether you are a homeowner looking for predictable electricity bills or a business seeking a competitive edge, we are here to help.
PPAs offer affordability, price stability, and energy security, making them a smart choice for Nova Scotians. Now is the time to explore how a PPA can work for your business, municipality, or home.
Contact Renewall today to learn more about locking in your energy future.
A smarter energy future starts today.
