The PETROLEUM PRODUCTS PRICING ACT and REGULATION 2006-41 provide the legal framework for the setting of maximum prices for petroleum products in New Brunswick. This has been a process that has resulted in new challenges. The provincial government has introduced amendments to the Petroleum Products Pricing Act and General Regulation to allow for a federal carbon tax to be added to regulated fuels sold in New Brunswick. "While we are challenging the matter in court, the carbon tax will still apply during the legal process.". PSP, HIPAA, The Acronym Attic is Examples: NFL, The proposed amendments will allow the federal carbon tax to be incorporated into the province's regulated maximum price for gasoline, diesel, heating oil and propane. In July of 2006 the NBEUB began setting maximum prices for petroleum products under the Petroleum Products Pricing Act. Acronym Finder, All Rights Reserved. The provincial government has introduced amendments to the Petroleum Products Pricing Act and General Regulation to allow for a federal carbon tax to be added to regulated fuels sold in New Brunswick… But former public intervener Peter Hyslop said he's concerned about other changes to the act. Margins for petroleum products are based upon costs with a reasonable rate of return. About these results, Over 3 million unverified definitions of abbreviations and acronyms in Acronym Attic. 58,2003 PETROLEUM PRODUCTS AMENDMENT ACT, 2003 (a) Promoting an efficient manufacturing, wholesaling and retailing (b) facilitating an environment conducive to efficient and commercially (c) the creation of employment opportunities and the development of (d) ensuring countrywide availability of petroleum products at … The recent changes follow an in-depth review done by the provincial government, and are intended to help simplify the gas regulation system, Keir said. The provincial government has introduced amendments to the Petroleum Products Pricing Act and General Regulation to allow for a federal carbon tax to be added to regulated fuels sold in New Brunswick. 3 the Petroleum Products Pricing Act of 2006 which vests the regulation of the prices on a Board. © 2005-2020, After appearing before an all party committee on petroleum pricing, the Nova Scotia legislature passed Bill 79 The Nova Scotia Petroleum Products Pricing Act. Other changes to the act include a new full-time role for the vice-chair of the board, Keir said, which he hopes will take some of the pressure off the chair during public hearings. "I think they'll have more autonomy," Keir said. Petroleum Products Pricing Act (New Brunswick) Petroleum and Natural Gas Act (British Columbia) Pipeline Act, 2005 (New Brunswick) Renewable Energy Act (Prince Edward Island) Construction law. Hyslop said the traditional role of the public intervener is to act independently of political parties, and that the government shouldn't be seen to influence the public intervener in any way. Box 500 Station A Toronto, ON Canada, M5W 1E6. Section 3 (1) of the Act provides as follows: "While our government is against the carbon tax being imposed by the federal government, legislative steps need to be taken before it comes into effect on April 1," said Energy and Resource Development Minister Mike Holland. Gas prices in New Brunswick will now be set every Thursday, instead of every two weeks, ... as one of several changes to the Petroleum Products Pricing Act and regulations. 8 No. Provincial Energy Minister Keir said members of the new Energy and Utilities board will have more responsibility than those on the old board, with greater flexibility regarding when they can review price components, such as margins, that make up the regulated maximum price. "There's opportunity here for them to get involved to a greater degree in things such as gas regulation and NB Power hearings.". Building Code Act (Nova Scotia) Building Code Act, 1992 (Ontario) Building Standards Act … It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. NASA, Perhaps the most significant change was the introduction of the Energy and Utilities Board Act to replace the Public Utilities Board with the Energy and Utilities Board. If the amendments are not made prior to April 1, retailers in the province will be selling petroleum products with little to no margin. Holland said the province is already part of the solution to the global climate change challenge. Petroleum Products Pricing . 26293 GOVERNMENT GAZETTE, 26 APRIL 2004 Act No. For verified definitions visit AcronymFinder.com, https://www.acronymattic.com/Petroleum-Products-Pricing-Act-(PPPA).html, Particle Physics and Particle Astrophysics, Pennsylvania Press Photographers Association, Philippine Practicing Physicians of Arizona, Phoenix Professional Photographers Association, Planned Parenthood Pennsylvania Advocates. Since 2005, the province has reduced its emissions by 24 per cent. "There was a provision in Section 48 Subsection 2 that did provide that the Minister of Justice can appoint the public intervener and set the mandate of the public intervener," Hyslop said. Based on pricing changes set out by the federal government, consumers will pay 4.42 cents more per litre of gasoline purchased as of April 1. In Nova Scotia, the prices consumers pay for gasoline and ultra low sulphur diesel fuel are regulated. New Brunswick is on track to meet Canada's 2030 goal of cutting emissions by at least 30 per cent of the 2005 level. Gas prices in New Brunswick will now be set every Thursday, instead of every two weeks, in order to be more responsive to market changes, it was announced Thursday, as one of several changes to the Petroleum Products Pricing Act and regulations. Audience Relations, CBC P.O. CBC's Journalistic Standards and Practices. The stated goal of the federal government's carbon pollution pricing system is to reduce greenhouse gas emissions. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Highview Power, a global leader in long duration energy storage solutions, has entered into a joint venture agreement with Energía... Bruce Power and BWXT Canada Ltd. (BWXT) announced today (Sept 9) they are collaborating on several projects to advance the... Dominion Energy, (NYSE: D), has filed an application with the Nuclear Regulatory Commission (NRC) to renew North Anna Power... Power Grid Integration Specialist/Performance Evaluation (Remote), Team Leader/Performance Evaluation (Remote). Responsibility for the regulation of petroleum product pricing will rest with the Energy and Utilities Board, which replaced the former Public Utilities Board this week. "Any new tax, especially a carbon tax that will make everything you buy more expensive, is not the best approach to change behaviours and will only add unnecessary costs that hurt the economy and negatively affect New Brunswick families," said Holland. "This federal carbon tax will unfairly burden New Brunswick's rural households, those families who heat homes with oil or gas, and those who do not have the option to drive less.".

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