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Rewiring Aotearoa's policy director Dave Karl talks to Damien Venuto about the expensive energy subscriptions most of us have to pay now and the role of solar, batteries and finance in reducing those massive costs. "Factoring in the cost of the system, Karl estimates that a family would be as much as $37,000 better off at the end of that 30-year period. And the savings would keep coming in the years that followed."
Electricity costs were up a staggering 12.2% in the December quarter, according to the latest figures from Statistics New Zealand.
The striking thing about this is that an energy bill is something we simply have to pay. It isn’t our morning coffee treat, a discretionary item we can easily opt out of buying for a few weeks.
Tinkering around the edges by reducing usage will help to moderate the bill, but it won’t make you immune to the impact of inflation. According to Karl, a better approach is to reduce your dependency on traditional energy providers.
If you've got solar, the best option is to use as much of it as possible to avoid high grid prices, but being paid to export energy is a nice cherry on top. It means many New Zealanders end up getting paid by their power company and shorten the payback period of their systems. Regulatory changes that meant customers would be paid more for exporting at peak times were meant to make batteries more appealing to customers and reduce the need for more investment in expensive poles and wires, but, as Marc Daalder writes in Newsroom, some retailers are not passing on the full value of those exports.
Read moreDownloadFinancial commentator Frances Cook uses her own story to show that that an investment in solar and an EV significantly outperforms the stock market and fellow number cruncher Nadine Higgins says that if you do it right, EVs are cheaper to run and own; EV sales have climbed to their highest level since 2022 and are closing in on 2023's numbers and Go Rentals has just invested $2.3 million in some new Tesla Model Y Premiums; the gap between energy costs of diesel vans and utes and electric vans and utes is absolutely massive; solar is also going off right now, with one installer in Otago 448% above their sales target in March; Lightforce has gone back to the Barretts with a new TV ad; Wellington mayor Andrew Little explains its electrification strategy and Hutt City Council shares data showing how its fleet has gone from dirty Toyotas to cleaner EVs; Shenzen in China has electrified its public transport and taxis and that's come with big benefits - and some challenges; and a very simple illustration of the LNG terminal.
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