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

 

International Energy Agency’s recommendations a mixed bag

22 February 2017

MEDIA RELEASE

International Energy Agency’s recommendations a mixed bag

The International Energy Agency’s recent review of New Zealand’s energy policies is a mixed bag according to Chair of the Energy Trusts of New Zealand, Karen Sherry.

“Too much of the focus on the latest IEA country review is on the tired old rhetoric that the organisations who keep our lights on would be more efficient if they were owned by someone disciplined by ‘real’ market forces, rather than elected trusts as customer caretakers,” says Ms Sherry.

“The reality is much different as we’ve experienced a number of times since the ill-fated Bradford reforms. We now have 28 electricity retailers but the market is dominated by large generator-retailers who have long been using retail customers as a hedge for generation expansion.

Ms Sherry believes that any review should be forward-looking and consider how energy systems are developing globally. “We’re seeing a movement toward community and privately owned networks which the current distribution trust model would be well-suited to.”

There are some positives in the IEA report, as all ETNZ members support the view that new distribution pricing arrangements are needed.

“Technologies such as rooftop solar and electric vehicles are creating new demands that do not fit well with the traditional ‘top-down’ pricing signals we get from the electricity market,” Ms Sherry says.

-Ends-


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Testing And Decontamination: New Standard On Meth Residue

Standards New Zealand has today released NZS 8510:2017 Testing and decontamination of methamphetamine-contaminated properties ... More>>

ALSO:

Mince, Etc: US Food Poisoning Lawyer At Conference

As New Zealand chefs, food experts, and MPI debate what constitutes a cooked beef burger, leading US food safety litigator Bill Marler, who made his name prosecuting the burger company responsible for a major E. coli outbreak, is keynote speaker at the Food Integrity Conference. More>>

ALSO:

Petya: New Ransomware Campaign Hits Worldwide

A new ransomware campaign known as Petya is affecting computer networks using Microsoft Windows. It was first seen affecting systems in the Ukraine, but is quickly spreading across other computer networks in Europe. More>>

ALSO:

Skodafone Goneski: Sky TV, Vodafone Drop $3.44 Billion Merger Plan

Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. More>>

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO: