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

 

EECA To Consult On Proposed Energy Levies

EECA is seeking feedback on its proposed energy levy-funded activities for the 2022/23 year.

EECA receives part of its funding from levies collected from the engine fuel, electricity and gas sectors, with the levies funding allowing EECA to continue work to improve energy productivity and reduce carbon emissions.

EECA’s Chief Executive Andrew Caseley says the levies partially fund activities that reduce energy use and energy-related greenhouse gas emissions.

"Forty one percent of New Zealand’s greenhouse gas emissions come from energy use and there are opportunities across the economy to make significant carbon reductions."
Mr Caseley says increasing energy efficiency saves money across the economy, both for consumers and businesses.

“New Zealand spends about $18.6 billion on energy each year, and EECA estimates the country could save up to 20% of its energy use through improved energy efficiency by 2030."
For the 2022/23 year, EECA is consulting on a total of $17.3 million from the three energy levies:

  • Petroleum and Engine Fuel Monitoring Levy: $10.5 million
  • Electricity Industry Levy: $5.3 million
  • Gas Safety, Monitoring and Energy Efficiency Levy: $1.5 million

Mr Caseley says EECA is seeking a $3 million increase in the levies compared to the previous year, which is solely from the transport fuels levy, to primarily help fund the increased funding for the Low Emission Transport Fund. He says the increase ($200,000) in the gas levy, and the corresponding decrease in the electricity levy, reflects EECA’s increasing focus on reducing energy-related greenhouse gas emissions.

The levies will help fund:

  • transitioning large energy users, the wider business sector and Local Government from fossil fuels to low-emissions fuels and technologies
  • the low emission transport fund and the low-emissions transport behaviour change programme
  • the regulatory and standards framework to prevent inefficient products and appliances being sold in New Zealand.

Consultation on the 2022/23 levy programme is open from 8 November to 13 December 2021. People who want to make a submission can email EECA at levyconsultation@eeca.govt.nz, or write to us at EECA, 44 The Terrace, Wellington.

2022/23 Energy Levies Consultation
 

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>


Commerce Commission: News Publishers’ Association Seeks Authorisation To Engage In Collective Bargaining

News Publishers’ Association of New Zealand Incorporated seeks authorisation and provisional authorisation to engage in collective bargaining with Facebook and Google. The Commerce Commission has received applications from News Publishers’ Association of New Zealand Incorporated (NPA) seeking authorisation and provisional authorisation on behalf of itself... More>>


Reserve Bank: MPC Continues To Reduce Monetary Stimulus
The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>



REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>


BNZ: Auckland Retail Card Spending Bounces Back In Step Two
Bank of New Zealand (BNZ) card spending data released today shows one week of retail therapy at Alert Level 3 Step 2 has been enough to raise card spending in Auckland to levels greater than before the Delta lockdown... More>>