Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Genesis Welcomes Government’s Dry Year Risk Review

Genesis welcomes Government’s dry year risk review, but urges caution on what the best outcome could be for New Zealand’s low carbon future

Genesis welcomes the Government’s proposal to look at solutions to alleviate New Zealand’s seasonal electricity generation shortfall, especially during dry years.

“Any solutions for New Zealand’s dry year risk that can provide deep energy storage at affordable prices are welcomed. This would help New Zealand reach its wider emissions targets and reduce the pressure on Huntly Power Station to provide backup support to all market participants,” said Marc England, Genesis CEO.

Existing hydro lakes currently provide about 4,000 GWh of storage, leaving a 3,000 GWh gap during a dry winter. For scale, 3,000 GWh is about five times what Lake Taupo currently stores for generation, or 140 home batteries for every household in New Zealand. That gap is currently met by the Huntly Power Station.

The Government’s plan to explore solutions to New Zealand’s dry year risk aligns to Genesis’ own thermal generation commitments to replace baseload thermal generation with new renewables and to remove the remaining coal from its back-up thermal generation under normal hydrological conditions by 2025, with an intent to remove it altogether by 2030. Genesis has removed 1.8 million tonnes of carbon from its generation activities over the last ten years and aims to remove another 1 million tonnes over the next few years. However, backing up New Zealand’s notoriously weather dependant renewable electricity system remains a challenge and a whole energy system perspective should be considered.

“It is good to see the Government taking a long-term strategic approach to this complex challenge. However, Genesis urges caution that aggressively pursuing a 100% renewable electricity may be very expensive for consumers. As electricity generation contributes only 4.2% of New Zealand’s emissions, a bigger decarbonising prize would be the electrification of transport (21%) and industrial heat (8%) first. We have long maintained that the key to widespread electrification of these sectors lies in ensuring that electricity remains affordable, reliable and flexible enough to adapt to tough market conditions.

“Alongside a review of dry year risk support, Genesis would like to see a clear policy framework for new grid connections, focused on removing the first mover disadvantage that exists for businesses wanting to connect to the grid to support the electrification of industrial coal or gas-fired boilers. We would also like to see more support for EV adoption. The Government has the opportunity to lead the way through centralised EV procurement of the Government fleet.

“Any renewable energy related review should focus on what investments and subsidies will drive the lowest carbon outcome for New Zealand’s energy consumption as a whole, not just electricity.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Political Twins, And On Labour Extending Its Wage Subsidy Scheme

A quick quiz for the weekend. Which political party currently represented in Parliament issued a press release yesterday that contained these stirring passages:
“[We have] long supported a free trade and free movement area between Canada, Australia, New Zealand, and the United Kingdom…on trade, immigration and investment, New Zealand must favour countries who share our values. New Zealand must do its part to reinforce freedom and democracy around the world by diversifying our markets and building stronger relationships with those who share our values... More>>


Parliament Adjourns: Adjournment Debate: Speaker Trevor Mallard

The 52 Parliament has sat for the last time before the September Election. It sat for 245 days... More>>


E-Cigarettes: Vaping Legislation Passes

Landmark legislation passed today puts New Zealand on track to saving thousands of lives and having a smokefree generation sooner rather than later, Associate Health Minister, Jenny Salesa says. The Smokefree Environments and Regulated Products (Vaping) ... More>>


National: $4 Billion Investment To End Wellington’s Congestion Woes

A National Government will invest another $4 billion in transport infrastructure across Wellington, igniting the economy and delivering the congestion-busting solutions the region has long been crying out for, National Party Leader Judith Collins says. ... More>>


Gordon Campbell: On The Virtues (and Fluffed Opportunities) Of The Operation Burnham Report

One unspoken rule of thumb in any official public inquiry is : whatever you do, don’t conclude you were made to listen to “a litany of lies” even if the evidence of a deliberate cover-up is right there under your nose. In that respect, the report ... More>>


Horizon Research Limited: How Judith Collins Stopped The Bleeding

Horizon Research includes questions on voting from time to time in its surveys – for both forthcoming referenda and general elections. More>>

Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms

As New Zealand gets ready to head to the ballot box this September, 1 NEWS is bringing voters comprehensive coverage and analysis of this year’s General Election. TVNZ’s coverage will draw on the depth of experience held across the 1 NEWS team, says Graeme ... More>>

Economy: 30% Believe Households Worse Off, 298,000 Expect To Lose Jobs

64% of New Zealanders feel the economic position of their households is the same or better than a year ago – and 30% think it is worse or much worse, while 298,000 think they will lose their jobs in the next 12 months. Households’ perceptions ... More>>

State Services Commission: Findings Of Investigation Into COVID-19 Active Cases Privacy Breach

Deputy State Services Commissioner Helene Quilter has today announced the findings of an investigation into a breach of privacy regarding sensitive personal information. The investigation looked into who or what caused the disclosure of the information, ... More>>

International Security: New Zealand Suspends Extradition Treaty With Hong Kong

The New Zealand Government has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters says. More>>






InfoPages News Channels