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As domestic gas supplies dwindle, homes are at risk of exponential cost rises and loss of supply. Financing electric upgrades is the best way to avoid a chaotic transition and is especially important for low-income households.
Welcome to the gas death spiral. No, it's not a heavy metal band or a wrestling move; it's the inevitable decline of the fossil gas network and the steadily increasing costs faced by those who are still stuck on it. �
In an RNZ story by Eloise Gibson, Vector chief executive Simon McKenzie warned that it might need to stop supplying gas to some suburbs due to dwindling supplies. While the decision to buy a gas hot water system or gas cooktop might seem safe now, it could come back to bite you in a few years when you find you can't fuel it - and if you can, the fuel is likely to be prohibitively expensive, as those who went early on hydrogen cars are now finding out.
We can choose to have an orderly transition off gas and help homes (especially low-income homes) finance upgrades to electric machines, or we can have a chaotic transition off gas where supply is occasionally shut off, networks eventually shut down and homeowners may be forced to rip out appliances and are burdened with unplanned costs.
Many countries are realising that they shouldn't be sleepwalking into the death spiral. Even Australia, which is one of the world's largest fossil gas exporters, knows gas has no future in the home for a few good reasons:
💲 It makes no economic sense (and renewable gas makes even less economic sense).
🤧 It is a leading cause of respiratory illness in the home, so we are basically paying extra to get asthma.
🌍 And burning it creates unnecessary emissions that are definitely not compatible with any of our climate targets.Households need to be able to swap fuel for finance if they want to electrify and get off the gas. If you want this transition to be orderly, ask your MP why the right kind of finance isn't being offered.
Find out more about the electric upgrade options and how much you can save in our electrification guides.
'I'm a bogan and I have no problem with the bastardisation of motor vehicles. You can stick whatever motor you like into whatever else you like.' Antz Davies, you are a true boganic Bright Spark and we salute you because it's the bogans that we need to be convincing! Davies is the main brain behind Watt Rods, a Lower Hutt company that converts old cars to electric. "Any and all vehicles, old or new, four wheels or two, big or small, on road or off, fully customised to your requirements."
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Read moreDownloadYou may have heard there's an 'electric election' coming up next year. We've met with a huge range of politicians from right across the spectrum and the ones who pick up what Rewiring is putting down are often those who have already invested in solar, batteries, EVs, heatpumps and induction cooktops and have experienced the benefits first hand. That's why we're kicking off a new series called Political Power, where we talk to some of our decision makers about the decisions they've made in their own lives and how they plan to reduce energy bills for others, reduce emissions and improve our resilience and energy security.
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