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

 

EECA Consults on Energy Levy-Funded Activities

EECA Consults on Energy Levy-Funded Activities

The Energy Efficiency and Conservation Authority (EECA) is seeking feedback on its proposed energy levy-funded activities for the 2018/19 year.

EECA receives part of its funding from levies collected from the engine fuel, electricity and gas sectors.

EECA’s Chief Executive Andrew Caseley says the proposed levies and funding programme highlight the opportunities where the greatest gains can be made in energy efficiency and carbon reduction.

‘We know that transport fuels and process heat requirements are key areas that need to be tackled in New Zealand’s energy use and emissions profile.’

‘Improving energy efficiency improves productivity, helps New Zealand meet its climate change goals to reduce emissions and saves consumers money.’

‘We estimate New Zealand could save about about 15-20 % of the country’s annual $18.5 billion in energy costs – so it’s a win-win.’

The levy part-funds activities that meet EECA’s statutory role to ‘encourage, promote, and support energy efficiency, energy conservation, and the use of renewable sources of energy’.

EECA is proposing to deliver programmes including technology demonstrations, a Low Emission Vehicles Contestable Fund, electric vehicle information campaign, work with large energy users to help reduce and decarbonise energy use, investment in improving the energy efficiency of commercial buildings and a programme to regulate the energy efficiency of appliances.

For the 2018-19 year the Authority is consulting on a total of $14 million from the following levies*:

• Petroleum or Engine Fuel Monitoring (PEFM) levy: $7.5 million (54%)

• Electricity industry levy: $5.2 million (37%)

• Gas Safety, Monitoring and Energy Efficiency (GSMEE) levy: $1.3 million (9%)

*The Energy Innovation (Electric Vehicles and Other Matters) Amendment Act 2017 extended the range of levies EECA can utlise to allow it to focus on opportunities where the greatest gains can be made in reducing greenhouse gas emissions.

The levy consultation document is here. More information on the levy funding programme can be found here

Consultation on the 2018/19 levy programme is open from 16 November to 15 December 2017. People who want to make a submission on the programme can email us at levyconsultation@eeca.govt.nz, write to us at EECA, 44 The Terrace, Wellington 6140, or fill out this survey.


ENDS


The Energy Efficiency and Conservation Authority (EECA) is the Crown agency that encourages, supports, and promotes energy efficiency, energy conservation, and the use of renewable energy in New Zealand. EECA provides information to households through ENERGYWISETM energywise.govt.nz and to businesses through EECA BUSINESSTM eecabusiness.govt.nz


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

Stats NZ: Unemployment Declines As Underutilisation Rises

The seasonally adjusted unemployment rate decreased to 4.7 percent in the March 2021 quarter, continuing to fall from its recent peak of 5.2 percent in the September 2020 quarter but remaining high compared with recent years, Stats NZ said today. ... More>>

ALSO:

Digitl: The Story Behind Vodafone’s FibreX Court Ruling

Vodafone’s FibreX service was in the news this week. What is the story behind the Fair Trading Act court case? More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>

Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>

MYOB: SME Confidence In Economic Performance Still Cautious

New insights from the annual MYOB Business Monitor have shown the SME sector is still cautious about the potential for further economic recovery, with two-in-five (41%) expecting the New Zealand economy to decline this year. The latest research ... More>>