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

 

No single silver bullet for power crisis


No single silver bullet for power crisis

The Major Electricity Users’ Group says there is no single silver bullet that will deal with the causes of the current power crisis.

Terrence Currie, Chairman of the Major Electricity Users’ Group (MEUG), said today that businesses were concerned that the Government’s proposed solution, to be announced tomorrow, might be too narrowly focussed.

“If we deal with only one issue, namely dry year reserves, then we are likely to have another power or electricity price crisis,” Mr Currie said.

Mr Currie said other major issues that needed to be addressed included:

The structure of the electricity sector and whether vertical integration of suppliers creates barriers to entry in generation and retail and hence limits choice to small and large consumers

Annual growth in generating capacity (it is estimated that 150mw of additional generation is needed per annum service the country’s growing demand for electricity)

Impact of Kyoto agreement (and a carbon tax) on cost of current generation sources and a barrier to new thermal generation investment

Impact of Resource Management Act on selection, cost and timeframes for new generation

Renewable energy sources will not be sufficient to meet demand growth

New investment is needed in transmission

Mr Currie said the immediate risk of presenting any solution, as the answer to the country’s power problems was that the public may think the Winter 2003 power savings campaign was at an end.

“New Zealanders must not stop their current conservation and savings campaigns. Neither should we stop progress toward a full reform of all the structural issues in the electricity sector that require attention,” he said.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>

ALSO:


StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>

ALSO:

Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>

Real Estate: NZ house sales slump in December but prices still firm

The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. More >>

ALSO:


Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO: