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

 

Decision: electricity and gas is NZ’s energy future

Decision: electricity and gas is NZ’s energy future

First Gas has welcomed a report released today that concludes that any practical electricity-based energy future for New Zealand requires a gas network.

The Interim Climate Change Commission report “Accelerated Electrification” says that even the most ambitious national energy systems based on renewable electricity will still require supplementation with natural gas.

The rationale for a renewable electricity / gas mix is that the cost of supplying enough renewable electricity to cover seasonal and incident shortfalls in supply would be prohibitively expensive, that some applications must use gas rather than electricity, and that gas availability would keep downward pressure on electricity prices.

First Gas chief executive Paul Goodeve said today the report opened the way to industry and government work on a steady transition which retained availability and flexibility of gas.

“The ICCC Report concludes the theoretical discussion – now we get down to business.

“New Zealand will increase its supply of renewable energy, but it also chooses to retain gas. At the least, gas will be a supplement for shortfalls, price economics, and for a selection of high heat applications.

“The final electricity / gas mix does not need to be decided for some time and shouldn’t be. There’s technology in development, like hydrogen and gas blends. We must keep our options open for whatever alternatives turn out best for purpose while reducing emissions.”

Mr Goodeve noted that the electricity and gas decision meant New Zealanders retained the incidental uses of gas, particularly by consumers for heating, BBQs and remote off-grid applications.

Based in New Plymouth, First Gas is New Zealand’s largest owner and operator of gas networks, with more than 2500km of high-pressure gas transmission pipes and about 4800km of gas distribution pipes in the North Island. The First Gas Group includes New Zealand’s largest LPG retailer Rockgas, and the Ahuroa gas storage facility near Stratford. First Gas’ focus is a safe, reliable supply of natural gas and LPG to more than 165,000 customers throughout New Zealand.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: