Jul 3, 2024
MBIE predicts surge in electricity demand by 2050, wind and solar lowest cost option to provide it

New Zealand is going to need a lot more electricity as homes and businesses swap out fossil fuel machines for much more efficient electric versions. MBIE has just released a report showing a range of different scenarios and under favourable economic conditions the demand for electricity could rise by 81 percent by 2050. Where we get all that extra electricity from is an important strategic question for New Zealand and the report says wind and solar will be the "least cost" way to meet this demand. At Rewiring Aotearoa, we believe a lot of the extra electricity we need could come from rooftop solar and because it is produced where it is used it is the cheapest form of delivered electricity New Zealanders can get. Batteries are also dropping in price and rooftop solar and battery combinations can reduce peak loads while saving on energy bills. This is vital context for how we choose to build out the energy system to be low cost and highly resilient.

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