This local legislation has been the subject of some discussion. Is it prudent or does it discourage tech investment? I'm personally not excited to see that AI and data-centre customers have to compete for MW under a fixed cap while other industries are exempt.
"Through Bill 31, the Energy Statutes Amendment Act, and a new regulation, there is now a requirement for prospective AI and data-centre projects to take part in a competitive selection process to access clean electricity.
This requirement does not apply to traditional industries, such as mining, liquefied natural gas (LNG), forestry, manufacturing or hydrogen for domestic use."
"The allocation targets for these projects are for as much as 400 megawatts for the first two years."
SteveVeilStream•1h ago
"Through Bill 31, the Energy Statutes Amendment Act, and a new regulation, there is now a requirement for prospective AI and data-centre projects to take part in a competitive selection process to access clean electricity. This requirement does not apply to traditional industries, such as mining, liquefied natural gas (LNG), forestry, manufacturing or hydrogen for domestic use." "The allocation targets for these projects are for as much as 400 megawatts for the first two years."