Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Crisis Debate “Tragic”

Debate this week over the extent or closeness of the electricity crises has been tragic, and will simply bring the country closer to blackouts, according to the Major Electricity Users Group (MEUG).

Terrence Currie, Chairman of MEUG, said high electricity prices and the curtailment of industrial production were firm proof that a major crisis really did exist.

The debate itself has undermined the conservation effort by sewing seeds of doubt.

“New Zealand is in code red in terms of damage to the economy and code amber in terms of electricity supply.

“The economy is in code red because the country is losing millions of dollars daily through cuts to production – predominantly exports.

“We’re code amber in terms of supply because hydro inflows are fragile, no one can guarantee when it will rain, and our conservation measures are not enough Yet.

“ “The only way suggested to date of getting through this crisis is by taking conservation measures And major users are certainly playing their part in reducing demand.

“The consequences of taking a punt on the weather and the calculations of one analyst is too dangerous to contemplate,” Mr Currie said.

Mr Currie said that for the good of New Zealand, everyone had to make a very real effort to save electricity. The understandable cynicism of consumers against the electricity industry needs to be set aside.

“If each of us doesn’t take personal action, then we will end up with a full blown crisis.

ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: