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Labour and the Greens call it a tax. The coalition Government calls it a levy. We call it a forced investment into an old technology that's not needed.Rewiring Aotearoa CEO and Electric Orchardist Mike Casey explained the absurd decision to build a new Liquified Natural Gas terminal on Breakfast and it boils down to this: it is set to be an investment "north of a billion dollars" that locks us into another volatile foreign molecule subscription. All electricity users will be forced pay a fee to fund it (but not gas users). And "if we're lucky", households will see a decrease of $50 a year.
'Downward pressure,' a phrase the Government and the energy industry likes to use to show it's doing something, does not guarantee bills will go down, as we have seen over time. Gas often sets the price of electricity and LNG is a more expensive variety of gas, so, as Marc Daalder writes in Newsroom, it's how it gets used that counts.
Rooftop solar, on the other hand, offers households thousands of dollars of savings each year, including loan repayments. Combine more of that on homes, farms and businesses with lots more grid-scale solar, wind and geothermal to keep water in the hydro lakes, better use of our existing domestic gas reserves for businesses that really need it, and, if we're desperate, coal and diesel (which is hopefully not needed if we build enough), and we have a much better solution to our dry year issue.
A very cool 'floatovoltaics' project makes use of unproductive pond space and also helps those struggling with their energy bills; renewables push down the price of electricity to nothing (or less than nothing) in Scandinavia and South Australia and New Zealand has an opportunity to follow suit; France goes hard on electrification, while the UK builds better; Aussie truckies reckon electrification will take decades but much bigger electric machines are here now, including some from Volvo; hydrogen generators are an innovation we do not need; the Speight's brewery gets off the gas with a $7.2 million electric boiler; and a bit of 'solarcasm' demonstrates how going off-grid is now an option for some.
Read moreDownloadA big part of our New Zealand-made energy plan is helping gas users get off the pipes and onto the electrons. Now Business NZ has added its voice to the debate, suggesting that the $200 million set aside to help the oil and gas industry is instead used as loans to help businesses electrify. The rare call for support came after it released a report showing that the businesses reliant on gas were struggling with increasing prices and their closure would have a massive impact on jobs and the economy.
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