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"You can call it a forced investment. You can call it a levy. You can call it a tax. It is a guaranteed increase in New Zealand's power bills with no guaranteed return on that investment. And I think that's a bit of a howler." Mike Casey speaks with Newstalk ZB's Kerre Woodham about the proposed LNG terminal and why New Zealand would be better off with a portfolio approach, including more renewables, more solar, better use of existing domestic gas reserves and coal or diesel peakers if required.
The Government’s aiming to sign a procurement contract for a Taranaki LNG site by mid-year, and hoping to have it running by late next year or early 2028.
An electricity levy of two to four dollars per megawatt-hour will fund the build, which is expected to save each household around $50 a year when up and running.
Rewiring Aotearoa CEO Mike Casey told Kerre Woodham that while he likes to think of himself as a renewable energy advocate, he’s also a pragmatic person.
He says that the dry year problem has to be solved, but we should use the fuel we already have and import, instead of importing a new, incredibly expensive fuel, at a capital cost that would lock us into using it for a very long time.
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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