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


Electricity hikes reaffirm role for gas power

Electricity price hikes reaffirm role for gas power.

Many energy consumers could have avoided record electricity price hikes this winter if more effort was made to encourage fuel switching to gas.

Low lake levels drove up wholesale prices for electricity by record levels for the June quarter, Statistics New Zealand reported last week.

The price to produce electricity rose 5.6 per cent in the three months of the quarter. Other electricity indexes rose by levels not seen since the 1980s.

“Business and residential energy consumers who displace electricity with direct use of gas can avoid these kinds of price hikes,”says Gas Association of New Zealand executive director Stephen Parker.

Mr Parker said using gas instead of electricity for home heating, heating hot water and cooking would greatly reduce overall electricity demand – and therefore prices. It would also significantly enhance New Zealand’s energy security, he said.

Research shows that piping gas directly into homes and businesses is also the most efficient use of the resource.

“Direct use of gas provides an affordable and stable supply of power. And there is plenty of gas in New Zealand, whereas we do seem to have regular shortages of electricity and fluctuating prices.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>