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Energy Plan - Government of Newfoundland and Labrador

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The province will monitor other energy innovation opportunities to determine<br />

their applicability to the <strong>Newfoundl<strong>and</strong></strong> <strong>and</strong> <strong>Labrador</strong> energy sector. Potential<br />

opportunities include ocean energy (including tidal), biomass <strong>and</strong> methane<br />

hydrates.<br />

The <strong>Government</strong> <strong>of</strong> <strong>Newfoundl<strong>and</strong></strong> <strong>and</strong> <strong>Labrador</strong> will provide a $5 million<br />

investment to begin this research effort, including the development <strong>of</strong> an <strong>Energy</strong><br />

Innovation Roadmap for <strong>Newfoundl<strong>and</strong></strong> <strong>and</strong> <strong>Labrador</strong>.<br />

<strong>Energy</strong> as a tool for Economic<br />

Development<br />

In addition to providing significant direct fiscal <strong>and</strong> employment benefits, access<br />

to energy can also drive economic activity in a more indirect manner. For many<br />

industries, having a secure, long-term supply <strong>of</strong> competitively priced energy is<br />

critical. As shown in Figure 6.3, NLH provides competitively-priced energy to a<br />

number <strong>of</strong> large industrial customers, including Abitibi Consolidated Inc., Corner<br />

Brook Pulp <strong>and</strong> Paper, Aur Resources <strong>and</strong> North Atlantic Refinery. The Iron Ore<br />

Company <strong>of</strong> Canada <strong>and</strong> Wabush Mines are not included because they get their<br />

power from Churchill Falls under contractual arrangements.<br />

Figure 6.3<br />

Average Monthly Electricity Cost Comparison (Jan. 1, 2007); Industrial<br />

Service at 100 MW; 58,000 MWh<br />

71

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