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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.
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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