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

 

Electricity retailers working to further EV uptake

Electricity retailers working to further EV uptake in New Zealand

Electric vehicles provide one of the best opportunities for New Zealand to deliver on its climate change goals, and electricity companies are right on board, says the Electricity Retailers’ Association of New Zealand (ERANZ).

The opportunity for EVs and the imperative to collaborate is one of the topics for discussion at the key industry conference Downstream in Auckland today and tomorrow. This follows the release of two reports on EV charging challenges by different lines companies.

ERANZ Chief Executive Jenny Cameron says the wider sector – including electricity companies, car manufacturers, and charging infrastructure providers – is well engaged in the issues of encouraging EV uptake for New Zealand.

“There are challenges but also great opportunities for New Zealand to be smart in how we move to the future.

“Many electricity companies are already offering pricing plans for cheaper overnight electricity that encourage EV users to charge in a smart way.”

Examples include:

Mercury offers a package that discounts an EV user’s entire home usage between 9pm-7am by 20%;
Meridian offers a package that includes cheap rates on an EV user’s entire home usage between 9pm-7am;
Genesis Energy offers off-peak rates for EV users;
Flick Electric provides spot pricing that gives access to the overnight wholesale market;
ChargeNet is exploring the introduction of time-of-use pricing at its stations to further incentivise off-peak charging.
Ms Cameron says these initiatives are just the start and more innovation will come as EV uptake increases and pricing of the distribution network is changed.

“There’s evidence that these initiatives are already working to educate customers about how to best charge an EV off-peak so that there is mutual benefit for the customer and the sector.

“ERANZ anticipates retailers will continue to respond to customers and the networks by offering different plans and packages. Technology is already developing that will encourage the use of in-car functions that stagger the charging impacts to manage when the car is charged.”

At the Downstream conference on a panel today, Ms Cameron noted that retailers were fully supportive of changes to the way lines company costs and services were being priced.

“ERANZ fully supports the work being done by lines companies to better reflect the service being delivered and that prices are fair. This is particularly important as EVs and solar power become more prevalent in New Zealand.

“Given our abundant 85% renewable electricity, EVs are set to play an increasingly important and exciting role in our energy future, and we’ll be ready for it.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Chartered Accountants: COVID-19 Fails To Knock Kiwi Investor Confidence, But More Disclosure Wanted

Three months of COVID-19 lockdown and investment turmoil has done little to knock confidence in New Zealand capital markets and listed companies with overall investor sentiment very similar to 2019, an investor survey held in mid June shows. However, ... More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:

Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

Potatoes New Zealand: Protecting NZ Fries As Part Of PNZ Pandemic Recovery & Transformation Plan

Potatoes New Zealand has met with Minister Faafoi this week to discuss investigating the potential importation of heavily discounted frozen potato chips into New Zealand. With MBIE’s support we are undertaking an investigation to gather evidence of the ... More>>

ALSO:


New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO: