The case for energy loans: read our latest explainer
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.
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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