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

 

Power Blackouts Highlight Urgent Energy Challenge

New Zealand’s energy shortage suddenly became very real for people shivering in their homes without power, according to Energy Resources Aotearoa.

"Until now it has been the industrial sector feeling the pressure of energy shortages, but the supply gap has now become a gulf," says chief executive John Carnegie.

"It shows the crucial importance of natural gas in providing a back-up, literally keeping the lights on and saving people’s lives.

"Renewable energy is great but it can’t cope with current demand on a cold night.

"We are deeply worried over what will happen in a few years when electricity demand is even higher and natural gas supply even more precarious.

"As we become more dependent on electricity generated by the weather, the importance of natural gas as a readily available back-up becomes even more important. This was recognised by the Climate Change Commission who see this role continuing until at least 2050.

"Together with the IPCC’s new report, this is a sobering reminder of the challenges in achieving the balanced energy system we all want - reliable, affordable and sustainable.

"We just can’t afford to pick and choose favoured energy sources - we need all options on the table.

"The smooth transition we all want is suddenly looking quite lumpy. It’s time for the Government and industry to work together to encourage new energy investment, ensuring blackouts remain a third world phenomenon."

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Serious Fraud Office: Commences Enquiries Into Allegations Of COVID-19 Wage Subsidy Fraud
The Serious Fraud Office has commenced a number of enquiries into alleged abuse of the Government’s COVID-19 Wage Subsidy. Director Julie Read said the allegations relate to multiple complex cases of potential fraud that have been referred to the agency following extensive investigations ... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>


Transpower: Releases Independent Report Into Events Of August 9
Transpower’s Chief Executive Alison Andrew has today released an independent report into the grid emergency of August 9 when insufficient generation was available to meet demand, leading to some customers being disconnected... More>>