The case for energy loans: read our latest explainer
RNZ's Susan Edmunds talks about the "thousands of New Zealanders have borrowed from their banks to put solar power systems on their houses". The Ratepayer Assistance Scheme, which will offer low-interest, long-term loans for upgrades is very different to bank loans and will offer every property access to savings, with flexible repayments.
Chief executive of Rewiring Aotearoa Mike Casey said he was "super excited" about what was happening in New Zealand's energy transition.
"A lot of the time we talk about moving from fossil fuels over to electricity, but I think there's a bigger energy transition that's going on here, which is also moving away from traditional energy landlords and towards customers of New Zealand taking a lot of energy sovereignty into their own hands.
"Being able to generate and store energy, it's a whole new dynamic to the New Zealand's energy system that we haven't seen before.
"And while the price of all forms of energy, whether it grid electricity or diesel or petrol or gas, continues to go up at, I think, quite an uncomfortable rate for many New Zealanders, the price of solar and batteries seems to keep coming down."
Everyone is rocking on down to Electric Avenue today (this one online, not that other small one in Hagley Park in Christchurch), so let's ride the lightning: profits and electricity prices keep going up, as panels keep going down; a new paper puts a number on how much more homes with solar sell for; we're bottling things up with big and small batteries and they are eating into gas in Australia and California; transport emissions drop across the Tasman as a result of Government EV incentives, while HEB Construction electrifies its fleet; electrons are coming from above in China; and Xpeng announces the arrival of a crazy looking electric van/aircraft carrier.
Read moreDownloadWarren G and Nate Dogg said it best when they said: 'Regulators, mount up!' - and this week, they have.In a rare joint open letter, three different regulators - EECA (Energy Efficiency and Conservation Authority), the Commerce Commission and the Electricity Authority - have basically told the lines companies to pull their socks up and make the most of ‘non-network solutions’ (AKA stop building more expensive poles and wires and start looking at customers and new technology as part of the solution!).
Read moreDownload"The LNG announcement from earlier this month has set the stage: electricity, and the energy sector more broadly, is set to be a major election issue this year. Casey has compared electricity to telecommunications, an area where services have become much cheaper in the last decade with technology advancing. “There are supply challenges for the grid and natural gas, and increasing pressure to find sustainable alternatives as reliance on fossil fuels becomes less viable,” he wrote in a Newsroom piece earlier this month, heralding the “electric election”.
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