
While we like to talk about the economic, environmental and resilience benefits of using more electricity, there’s no denying that the news is dominated by stories about increasing electricity prices.
RNZ looked at the increasing numbers of pensioners who are struggling to cope with higher bills and have resorted to "extreme power rationing". One of the only ways to bring electricity prices down is with rooftop solar, so we're working on a range of schemes to make that happen.
It’s depressing. It’s ineffective. And when the cost of generating electricity has never been cheaper through rooftop solar, it’s hard to swallow.
Those who have the capital or can access a loan have a very strong economic incentive to invest in solar (and, to a lesser degree, batteries) because they’re basically buying a few decades of cheap energy upfront and locking in that low price.
But what about everyone else? What about the approximately one third of New Zealanders who rent? What about those who are asset rich but cash poor and can't deal with too many cost increases?
It’s important to point out that electricity is still cheaper for households than using other fuels, but one of the only ways we can actually bring electricity prices down is by getting more solar on rooftops (or replacing the fixed costs with something smarter).
We know the biggest barrier to uptake is upfront costs. That’s why we’re working hard on a number of schemes to address that.
🏦 We’ve been advocating for long-term, low-interest loans for electrification upgrades that will be tied to properties and delivered through the proposed Ratepayer Assistance Scheme. The idea has bipartisan support in Central Government and a number of councils are also getting behind it.
😎We’re working on a solar for renters scheme that will reduce costs for tenants and incentivise landlords to put panels on their properties.
🔌We’re exploring the potential of plug-in solar for New Zealand households. While these systems only supply a small amount of electricity, the balcony solar movement has taken off in places like Germany and Spain and systems are now even being sold at Ikea.
Hardship will always be an issue, but if we embrace modern technology and find ways for more people to access it, energy hardship doesn't need to be a big part of that.
How the sun led to higher salaries for teachers in the US and why this should be happening here, too; how "the once-rigid link between economic growth and carbon emissions is breaking across the vast majority of the world" as electrification gives more countries a productivity boost (and how that would allow New Zealand to keep embracing our long, languid summer break); solar continues to weather storms and provide 'free resilience'; Dunedin laundry company Preens goes electric and saves over 300 utes worth of emissions; the company that wants you to drink diesel exhaust; and a wonderful rundown of the Kill Bills tour - and the national electrification opportunity - from one of the tour sponsors.
Read moreDownloadAs gas supplies decline and prices rise, electrification is the best bet, but it's hard for big businesses without government support. Kirsty Johnston talks to Rainbow Nurseries about how it made the switch with help from a grant, and others who are unsure they will be able to keep getting gas. As one busines owner said: "We never considered the risk to the business of not actually having natural gas," one participant said. "We always expect that the price could fluctuate… But we never anticipated maybe having no gas coming from the pipeline." There are ways for the Government to help. And there is a huge amount of new renewable electricity coming on stream, so there won't be a shortage of electrons.
Read moreDownloadMarc Daalder reports on Vector's declining gas network and how it is responding to falling customer numbers. As he writes: "Gas in Auckland is formally past its peak in the latest forecasts from Vector, the city’s only gas distribution business, with new connections set to fall to zero in three years ... From 2029, there would be no new residential or commercial connections – with new industrial connections projected to have already ceased this year."
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