The case for energy loans: read our latest explainer
RNZ's Eloise Gibson has taken another look at the energy sector and found there are lessons to be learned from Australia, where around one third of homes have rooftop solar. In New Zealand, the number is a lot lower, but it's growing quickly and that's largely because it makes economic sense over the long term, especially if you've electrified your appliances and vehicles. Batteries and solar combos are also becoming more common and every home with a battery basically removes themselves from the peak period. "But Mike Casey of clean energy charity Rewiring Aotearoa said battery prices were falling quickly, and combined solar and battery systems were now the cheapest source of energy available to households - even including the upfront cost of buying the equipment ... Casey said if households had better access to low-cost loans, they could buy household batteries themselves and take pressure off electricity generators by using their own power in times of shortage. They could also sell their surplus to others, taking more pressure off the grid when supply is tight."
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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