Liberty Consulting, one of the companies tasked to examine possible rate mitigation options for Newfoundland and Labrador consumers, says it’s not inconceivable that Holyrood will have to remain in operation even after Muskrat Falls comes online.

Liberty consulting continued its testimony on the stand at PUB hearings in St. John’s this morning, fielding questions from Consumer Advocate, Dennis Browne.

Company president John Antonuk says electricity prices are very low because there are many sources of generation including wind and solar power, he is uncertain whether there is room for new entrants into the supply side of the electrical system.

The Public Utilities Board is not going to consider Nalcor’s oil and gas revenue in rate mitigation plan.

The Consumer Advocate would have liked to have that revenue on the table for consideration.