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Energy Minister Megan Woods concerned high electricity prices may 'persist'


But Harbord said the Interim Climate Change Committee had found prices above $115/MWh were “unaffordable for the economy”.
Woods said in a June letter to retailer ElectricKiwi that she was concerned about the current performance of the electricity market “and whether the current shift towards higher electricity prices will persist and continue to adversely affect smaller retailers and consumers”.
The Electricity Authority is currently conducting a review of the wholesale market, which it expects to complete in September.
Independent retailers ElectricKiwi and Flick Electric have previously said they have lost confidence in the regulator.
ElectricKiwi chief executive Luke Blincoe told Woods the authority had sought to “put a positive spin on the market it has designed, even when it’s failing”. ....

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As NZ gets serious about climate change, can electricity replace fossil fuels in time?


Author:
Jen Purdie
(MENAFN - The Conversation) As fossil fuels are phased out over the coming decades, the Climate Change Commission (CCC) suggests electricity will take up much of the slack, powering our vehicle fleet and replacing coal and gas in industrial processes.
But can the electricity system really provide for this increased load where and when it is needed? The answer is yes , with some caveats.
Our research examines climate change impacts on the New Zealand energy system. It shows we ll need to pay close attention to demand as well as supply. And we ll have to factor in the impacts of climate change when we plan for growth in the energy sector. ....

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