How long before NZ acknowledges that there are limits to the population that all of NZs infrastructure can support? Lab & Nat's policy of mass immigration has left a significant infrastructure deficit. The Adern government's ideological foolishness only served to compound the underlying problem.
I think most NewZealanders already know the last govt needed all the immigrents to work inplace of all those govt. employees who have now lost their jobs. for drinking coffee and eating cake
@@kenhorlor5674 How about stop importing hundreds of thousands of people that create the excess demand for that infrastructure and keep our country instead of giving it away to strangers?
We have huge amounts of fuels that can be mined and drilled, including an entire mountain range of lignite in the South Island. We can easily support a bigger populations.
You nailed it, why are we continuing to bring people in when we already have issues. Cost of living, fair wages, housing, utilities to name a few. The more we continue to bring people in the worse these will get, look at UK and Europe.
Clearly shows that the privatisation of the electricity market is a complete failure even though every generation company is paid the marginal cost of the highest cost provider in any half hour period. NZ would have been far better off with a system optimal non-profit SOE that only made sufficient profit to maintain and upgrade the system.
When the 1984 Labour Government got into power, NZ changed forever. They went too far too fast. A lot of the thinking was good, some things needed changing. When the next National Government got in, Max Bradford privatised electricity generation and distribution, and said power prices would come down. Joe Public did not believe him, and so it is. Private companies only need to keep shareholders happy, greed equals profit. There is no sentiment in business. Unfortunately re-nationalising the power system would be very expensive, and certainly National would not do it. Labour suggested it a few years ago, but it got shot down. In a small country like NZ the old NZED served us well. Dams were built and maintained, and basically all they had to do was balance the books(no profit motive). There are several consented power schemes that have not gone ahead, as the potential owner/operators are wary of politicians changing the rules, so even with a profit motive they haven’t gone ahead and built these schemes. That, alone, should tell you a lot.
A Nuclear station near Hellensville was determined to be the best location in the 1960’s due to the lack of fault lines, volcanic activity and culture at that location and it’s proximity to Auckland. We need it as a reliable baseline to renewables which are unreliable and dependant on the whims of nature.
@@Ricky-nq7lu Wasn't an issue for Japan. Fukishima was the result of a tsunami and as a result of the radiation leak the whole nuclear sector was shut down - co2 emissions went up 40% as other forms of energy replaced nuclear. Japan is starting to reopen its nuclear power plants following upgrades in safety after lessons learned from Fukishima.
Expensive cost per KW. More Hydro and Geothermal is a cheaper solutions. Imported gas is also very cheap and not affected by the same variables as rain.
@@jrmop0965 sounds good but there are issues with solar, lifespan, may need to replace roof if you replace panels, don’t generate much power, need batteries to really work, if you go down that path time of use metering with batteries could also be beneficial. And sadly most solar companies are a scam, I worked in the industry for a while and what people pay vs cost it’s crazy. Simple UA-cam search will show you some of the scams, biggest one being leasing them.
@@desrender4893 not bullshit (in Australia for example they are introducing a Sun Tax for grid tied solar). I worked in both solar and a main electricity company. You also need to think of roof suitability, location, may need to replace roof when panels need replacing, and without batteries don’t really work for most people. You can achieve the same with just batteries and time of use metering without the large initial investment.
Strange we have an electricity crisis, yet ev owners can still charge their cars! Go figure, if more of us buy ev's what then for the electricity crisis?
Won't happen, everything is about to go up through the roof, gonna be a rather bleak Christmas this year for a hell of a lot of people but hey, 'saving the planet'.
If you’re purposely getting rid of alternatives like Natural gas and LPG, and driving dependence on “renewables” by getting rid of coal, you will inevitably drive the cost of elec up because of energy scarcity. Also, transferring the load carried by petrol powered cars to elec, you make it even worse. We are creating artificial scarcity and high prices through “green” policy.
Not true. Onshore drilling was not banned and there are three offshore permits still valid and not drilled. OMV spent $80 million drilling a dry hole off Canterbury. The latest Kupe was a duster losing the companies $200 million. Sucker tax payers have spent $443 million cleaning up the mess from Tui oilfield.
@@gpsfinancial6988 it is the case. They were using up old permits. The investor confidence is gone. NZ is no longer a viable place to invest in gas exploration, because it is opposed politically. Same with shipping in gas. Who will pay for the terminal and pipes? Private companies won't want to, as any change in government could ban it.
@@gpsfinancial6988 here, he covers it in this excellent interview. Investor confidence is key, these are long term projects, but politically we have committed to carbon zero. So NZ is an investors dead end. ua-cam.com/video/VFzm7XjaGpg/v-deo.htmlsi=fMmLvmBLs3sV7AlW
@@greybuckleton In the last 5 years exploration companies have spent almost $2 billion dollars drilling 50 dry holes in NZ. Even NZ Oil and Gas has now moved to Australia - after Shane Jones told them they could do whatever they wanted to NZ and he wouldn't stop them.
@@gpsfinancial6988 watch the video man. Yes the current wells come up dry, but that does happen. Normally they would be drilling more, but they left. And you don't leave because a politician removes rules, you leave because they add them.
4 years ago - 4 years ago! I predicted this in a letter to the NZH. Transpower has a lot to answer for - 17% of power is lost in "load following" power generation... and various amounts (by some calculations 15%) in transmission. The current "CEO" is not up to the role - fire her and get your act together... Can't be bothered reiterating how - bc I have posted again and again and now I am sick to death of it.
to be fair she has introduced Diversity and Equity into TransPower and every staff member has been fully trained in the use of Personal Pronouns.........
@@raythomas8259 yes... another issue - where is our "Diversity Power Dividend". Incidentally, if you have some fatucal information on this DEI regarding Transpower then drop me a link - I will be interested to read it...
It sounds like we have only 1 or 2 year's worth of capacity in the hydro lakes, and we're currently relying on the vagaries of the weather to avoid blackouts and/or restrictions. Nice. It might be time to buy a generator and some blankets.
It didn't help that when the head of OMV visited the new Labour government Cabinet around 2018, and described the issues with stopping oil and gas exploration, he was ignored and dismissed as "mansplaining" by one Minister. Complete and utter ideological ignorance, and we're paying for it now.
Don't mention fans or solar because they aren't relevant and there only reference is the amount of money that has been wasted on their construction. The fact of Manapouri power goes to a aluminium smelter is a bit of a mystery because it would only require a couple of billion dollars in infrastructure to utilise that power, far cheaper than wasting money on fans and solar. Idealism and lobbyists are getting in the way of our future generation.
Manaporui is connected to the national grid, the smelter only uses 600mw, manaporui generates 831mw, the extra electricity goes into everyone’s homes etc
The lowest cost access to more electricity anywhere in the world right now is by building wind and solar, and the interviewee knows this, but never mentioned it. Why?
2 місяці тому+3
Just imagine renewables are not guaranteed by nature! Who would have thought.
You can use South Africa as an example what happens when you ignore planning ahead. Massive economical damages and losses due to loadshedding of up to 10 hours per day. South Africa/Eskom/loadshedding/power station corruption/contracts. Don't end up "all black". Good luck. 👍🏻🇿🇦
Tell Tiwai Point to make their own power - or close during this period. I am sick and tired of being ripped off by my country. Simply put there is plenty of power only the multi nationals are ripping us blind by sucking it all up for themselves - at precious little return for New Zealand.
ahh am in the new Auckland City mission building on Hobson street.- Auckland City. 1010.- on 1st. August 2024 A.D. the swine are going too charge twice as much for power than now.- Most off the 80 inmates at Homeground are mason Clinic nutt-cases and things like haveing too paye bill's makes them throw scooters/ wall televisions over their balconys. - unless ahh get $$$ Government Subsidys ahh will be moveing under a bridge, as ahh am a professionnal - '''Tight-arse.''- inmate nutt-jobb- Sean O'Dwyer- number 136- 140 Hobson Street.- Auckland 1010. New Zealand.-/// maha Aotearoa.''
@@davidk6264 Yep and expanded in the 2MT project during the 90's. Who paid for that station David... and why can't I have access to it now - Max sell it on Bradford.
The power generation at Manapouri was purpose built for the proposed Aluminium smelter. If tomorrow we made all those employees unemployed, it would take hundreds of millions to make the power supply be able to go into the main supply. Then only a percentage would make it all the way to Auckland as distance means some electricity is lost. It’s far more complicated than people are led to believe.
@@brianmarshall1762 Who paid for that station Brian? Nobody cares about the unemployed, National certainly doesn't, 5000 laid off already in less than a year no worries at all matey, having a few people employed while millions pay the highest price in the world for electricity when we generate at the cheapest hydro cost simply does not make sense. Power losses over transmission are not that great, 9% from memory along the length of NZL. Is/are the Cook Straight Cable/s operating at full capacity now? I think not. ONLY way to bring power prices down is to Nationalise it like it used to be, very, very successfully indeed. Any, and every other model is flawed - to the core.
In 2006 we had a pop. of 4 million. It is now 5.25 million. That's a 31% increase. Since then we haven't had such a large increase in generation. Same applies to housing/hospitals/etc. On other forums, John Kidd has stated that since Labour took office in 2017, 50 bores have been drilled looking for gas and no commercially viable amounts have been found. He has also stated that imported LNG is half the price of our domestic gas supply, but we lack the port/conversion equipment to connect it to our current supply chain. After we taxpayers having to foot a $434 million bill to clean up after Tamerin, perhaps LNG import is the answer.
@@timtowers7997 Yes Sir. Next minute we will have to be sending our PM over to see Blackrock's Larry Fink to build us some more, and as we all know Blackrock are the cheapest & best out there, that do not clip the ticket at all - ever, and never, on going, going forward, forever, at all. Not at all. And of course in the case of the Gas to Gasoline plant at Motunui it was in fact given away to Fletcher; this is the plant that would produce petrol from Maui gas at less than $1/litre at 1999 prices. We paid for that, we never saw a drop, now it chews through OUR gas at an alarming rate making methanol not petrol, with all profits going to ..... Canada = BEAUTIFUL! Absolutely BEAUTIFUL. Thanks Roger Douglas, thanks Max Bradford. And who married Fletcher, why the same person who gave Maori a way to own the forshore and sea bed. I have had enough - have you...? High power prices are because of corruption - nothing else.
@@timtowers7997 Same as is in Australia - they don't even get the minuscule royalties for half it it and then Australians get their own gas sold back to them at retail. Our polis jump in and out of corporate/board jobs that they were part of regulating too just like aussie and US. To much money on the table and they spin the story we aren't corrupt in NZ.
My power has been totally free for the past 4 years. The fuel for my EV is free. In actual fact, i also get $2000 each year back from the power company for my surplus electricity. Each year i save $3000 power, $3000 petrol and get $2000 cash. Total expenditure was $23,000, so im fully paid back already So quit complaining and do what i did. Learn about solar and batteries, then install your own panels and make your own battery (i use old EV batteries which are perfectly fine for house batteries) Or just accept that youre going to get ripped off more and more each year, because youre too lazy to do anything more than complain
The govt and power companies do not want household solar because it will affect the tax take and their profits. But NZ is well set up for solar, because it allows the hydro lakes to build up during the day so they handle the evening peak. Give a tax right of, or a subsidy to encourage homeowners to install solar like Aussie, then we will not require Transmission upgrades or other major power generation sources.
The base load of the country keeps on growing but the base load generation does not, wind and solar are fine to help out but they are not reliable enough to be reliable help. Every time we have had warnings from Transpower to shed load it is because of those renewable types of generation not performing as expected, frosts in the areas where windfarms are located means no wind and no generation. On the current path we are heading towards rolling blackouts and at worst a cascade failure of the grid, any substantial generation suitable for base load will take decades to construct and it only gets harder and more expensive every year, yet still there is no plan....our first world status is slipping away.
A Nuclear station near Hellensville was determined to be the best location in the 1960’s due to the lack of fault lines, volcanic activity and culture at that location and it’s proximity to Auckland. We need it as a reliable baseline to renewables which are unreliable and dependant on the whims of nature.
Problem with hydro power is you can’t just go sticking them in willy nilly. There probably is a lot of planning required to ensure you don’t just screw up all of our waterways and create flood risks etc. We should have better backup power options.
Interest free loans for Govt subsidised domestic solar power hardware and installation = problem solved. The free open market simply does not work, it is time to bypass them completely and go back to Govt controlled power generation, after all that worked very well indeed for years on end in New Zealand, very well indeed. Bring back NZED and MOW&D WHAT a success that was!
Except we don't get enough sun in the winter when we need the most power. It's particularly bad at the moment because of all the cloud seeding, I've had only 1 sunny day in the last few weeks.
Solar and Wind are intermittent generators, and cloud cover DOES significantly reduce PV generation. Every country that has switched baseload grid supply to PV & Wind has experienced higher kWh costs.
@@bitsnz1837 Have they given loans to people to put solar on their own roofs, pay back is three to five years. Then another three to five years to save for the replacement of the system. After six to ten years you are making money, real money! Don't forget when the sun shines there is no rain to fill our hydros. Or to put it the other way when there is rain we switch to hydro, with a smart meter, when the sun shines we don't. They work in NZL hand in hand, in private hands. Wait till they allow you to have a battery in your EV car that can also run your house power. Why do they ban that, same reason why they somehow can't make solar work. :):)
The major issue I have with laws and his like minded cronies is the fact that everything they opinions on are negative, hence the constant look of depression, sadly most of the comments are also negative, so glad that I live my life with a positive outlook ,and steering clear of rabbit holes
Isn't it true NZ would have excess power generation if Tiwai Aluminium Smelter was discontinued? Isn't it also true the subsidies paid to the foreign owned company are in part responsible for the higher retail price for everyone else? I understand that community are very dependent on that company but in the context of a NZ wide issue of extortionate pricing and lack of reserve capacity, you'd think that would be the first thing to consider rather than burning more oil.
There is no shortage of power in nz never will be the shortage we have is kiwis who will take our country back for the good of us all brown and white together we stand divided we will fall
If the smelter was not consuming the large quantity of electricity that it does, then it probably stands to reason there would be more available for the non-Tiwai part of the base load…. It was only a couple of years ago that Rio Tinto was not going to stay at Tiwai, and there was much hand-wringing and panty-twisting by certain parties, saying the sudden “excess” of power would drive down prices to an uneconomic level ( whatever that means!!)…. My, how quickly the narrative has changed….
National destroyed one of the best systems in the world when they broke up and partially privatized the state owned system in the 1990's. Subsequent immigration has pressurized the system and lack of forward planning and cohesion between competing companies leads us to where we are. It is drivelling lunacy to state that policy changes in 2019 play a role in lack of capacity today. Planning,funding and building new, large scale generation systems takes a decade or more. It is the fragmentation of our system and the privatized nature of profit taking that hamstrings development.
why are the power prices so high, its not like they are up grading the dams. i am pretty sure the dams have payed for themselves, so theres no need to have the prices so high
there has been huge investment in wind. and some solar. And thousands of commercial and private homes have solar. Our company exports solar to the grid. In mid summer we can charge and electric vehicle and send power to the grid. The solution is install solar on large commercial buildings. In winter sure we take from the grid. But if we dont use power in the summer using solar it gives the lakes can recover. But the govt has told people to change to electric heating instead of gas and that is a problem.
I have solar it's only good for 2 days then the backup generator has the kick In when it's overcast... not reliable without alternative fuels expensive overpriced electricity generating system. The the cost of the total system is equivalent to paying 15 years in advance for power that you have yet to use. It's misleading when they say it's free energy nothing free about it. The but having said that it does have some advantages if you live in the isolated part of the country where there is no grid power available. The clean energy zero carbon is nothing but the biggest Swindle of the general New Zealand public in the history of federation.
@@jimmycook872 Historically solar was expensive for instance 250w panel was $400 not long ago, now 480w panel is $400 also less panels and framing to install. For businesses it is very different to residential for lots of accounting reasons. It is predicted that price will drop 90% in 10 years as it has done historically. I have one building completely off grid ie no alternative power required at all. No line cost either. All depends on situation. More and more will change over. Just a matter of time and situation. My house is not yet changed over as it is still too expensive but it is changing quickly. For residential it is about the battery cost and that is coming down fast. Commercial demand is holding the price up when that settles it will be all go residentially. Ironically it is heat pumps that is causing the issue with batteries because you need heat pumps in the winter in nz when there is not as much sun. The lighting and IT load is very small. We do not have gas at the commercial premises but if we did and we had more recent panels we would not need a connection to the grid. $60x12=$720 x 15 years = $10,800 in line charges alone at todays prices but the line charges are going up faster than inflation as power suppliers protect themselves against solar losses. Who knows how much line charges will be in 10 years.
Never let a good crisis go to waste. We need create policies that subsidise the combination of residential energy storage and energy generation to promote resilience to single points of failure due to repeated catastrophic weather events and to rapidly build out energy infrastructure. The ultimate in public private infrastructure builds. Electricity to the grid via RIMs when the electricity is required is an IT and software problem. Legislation to lessen penalties for this type of electricity production when it cannot fully meet its commitments to the grid would de-risk its adoption. Essentially residential power generation with storage should be allowed to participate in the auction window.
Interesting how a failure of investment in new generation by private electricity companies, failure of gas supply, and a failure of peaking capacity can be blamed on wind, solar and EVs. Some folks here need their reading comprehension checked.
Why can’t the power buyers pay people more than 8 cents a unit to upsize there home systems to put more back into the grid . Not significant but it’s small steps
The problem is the neoliberal economic model, Electricity generation and supply are most cost-efficiently achieved in NZ by public ownership! It is an essential public service with only enough profit to reinvest in maintenance and improvement should be calibrated. Why are we 'hand-cuffed' to a failed model? Because we have been entangled in international neoliberal trade agreements that do not allow change. Mass immigration has greatly exacerbated the problem. The current model is a profit-driven, inefficient disaster.
It will. Daily demand isn't the issue, so it doesn't matter when the wind blows or the sun shines, it just happens, and when it does, hydro supply is used less. Everyone likes to point at Germany for switching off nuclear, but in the years since, renewables have gradually made up, and overtaken what nuclear used to supply, and now generates more power in Germany than fossil fuels.
Only countries with too many powers to greens and animal safety groups suffer electricity issues. These groups are one of the biggest carbon footprint groups,this applies universally to all countries Example Greta T. and her colleagues
In NSW we still pay TWICE the price for our Electricity than NZ - This is purely political mismanagement from [1] Favoring gas-export over local supply severely impacting domestic electricity price regardless of whether it's supplied by gas or not; & [2] Excessive renewables fantasy tax that all consumers are paying. No doubt Wellington could still fail in their policy direction, but I would trade OZ supply constraints (be they governance or natural) with NZ's any day. God defend Australia 🦘🥝🦘
NZ has actively discouraged solar through a number of 10 year energy planning cycles. I never understood why, because solar is the perfect compliment to hydro.
Net metering needs to be brought in and for 3 phase systems which get penalized worst than 1 phase systems why? Due to a greedy few who wont change as they will loose millions if they did, there is 5 people who control and own the nz network's ?
One company ‘pays’ its customers to reduce demand. So why not do that more widely. It apparently works for them and has been shown to work very effectively in the UK.
Taupo is not high. I drove alongside it this afternoon. Rocks and long rocky beaches everywhere. Its been the driest winter I can remember here for a long while.
Wind and solar next generations power, invest heavily it's the future no to ways about it, gas will always be here plenty on shore in reserves, but will play second fiddle to the alternative.
How long before NZ acknowledges that there are limits to the population that all of NZs infrastructure can support? Lab & Nat's policy of mass immigration has left a significant infrastructure deficit. The Adern government's ideological foolishness only served to compound the underlying problem.
Build infrastructure.
I think most NewZealanders already know the last govt needed all the immigrents to work inplace of all those govt. employees who have now lost their jobs. for drinking coffee and eating cake
@@kenhorlor5674 How about stop importing hundreds of thousands of people that create the excess demand for that infrastructure and keep our country instead of giving it away to strangers?
We have huge amounts of fuels that can be mined and drilled, including an entire mountain range of lignite in the South Island. We can easily support a bigger populations.
So there is one other intelligent life in NZ.
Get rid of woke policies from Wellington. Problem solved.
Green house gas credits. What a con.
we intentionally upped our population by a third in the last 25 years,and yet we won't invest in new power generation.
Correct.
You nailed it, why are we continuing to bring people in when we already have issues.
Cost of living, fair wages, housing, utilities to name a few.
The more we continue to bring people in the worse these will get, look at UK and Europe.
Clearly shows that the privatisation of the electricity market is a complete failure even though every generation company is paid the marginal cost of the highest cost provider in any half hour period. NZ would have been far better off with a system optimal non-profit SOE that only made sufficient profit to maintain and upgrade the system.
Investing in anything other than solar & wind generation is near impossible due to the regulatory framework and iwi roadblocks.
@@Cathz-jy7ee so we pour money into things that don’t work, and will never give a return, great.
The wrath of the globalization
When the 1984 Labour Government got into power, NZ changed forever. They went too far too fast. A lot of the thinking was good, some things needed changing. When the next National Government got in, Max Bradford privatised electricity generation and distribution, and said power prices would come down. Joe Public did not believe him, and so it is. Private companies only need to keep shareholders happy, greed equals profit. There is no sentiment in business.
Unfortunately re-nationalising the power system would be very expensive, and certainly National would not do it. Labour suggested it a few years ago, but it got shot down.
In a small country like NZ the old NZED served us well. Dams were built and maintained, and basically all they had to do was balance the books(no profit motive). There are several consented power schemes that have not gone ahead, as the potential owner/operators are wary of politicians changing the rules, so even with a profit motive they haven’t gone ahead and built these schemes. That, alone, should tell you a lot.
That "Rogernomics was due to the IMF and the borrowing of Cheap money,, due to the "lies" RBNZ told
Maybe we need to talk about nuclear power??
We don't need nuclear as we live on the ring of fire.
Geothermal is our way forward with upgrades to our current hydro plants.
A Nuclear station near Hellensville was determined to be the best location in the 1960’s due to the lack of fault lines, volcanic activity and culture at that location and it’s proximity to Auckland. We need it as a reliable baseline to renewables which are unreliable and dependant on the whims of nature.
@@Ricky-nq7lu Wasn't an issue for Japan. Fukishima was the result of a tsunami and as a result of the radiation leak the whole nuclear sector was shut down - co2 emissions went up 40% as other forms of energy replaced nuclear. Japan is starting to reopen its nuclear power plants following upgrades in safety after lessons learned from Fukishima.
Expensive cost per KW. More Hydro and Geothermal is a cheaper solutions. Imported gas is also very cheap and not affected by the same variables as rain.
Small scale to start with nuclear is a lot safer nowadays compared with old plants the waste has very low toxicity.
Only crisis is thinking wind and solar are a good option.
Solar should be standard in every house build today, it will reduce the under supply issue particularly through drought season.
@@jrmop0965 sounds good but there are issues with solar, lifespan, may need to replace roof if you replace panels, don’t generate much power, need batteries to really work, if you go down that path time of use metering with batteries could also be beneficial. And sadly most solar companies are a scam, I worked in the industry for a while and what people pay vs cost it’s crazy. Simple UA-cam search will show you some of the scams, biggest one being leasing them.
@@jrmop0965 grid tied Solar puts a lot of strain on the grid, resulting in people paying more as grid becomes harder to manage.
@@dave24-73 bullshit,
@@desrender4893 not bullshit (in Australia for example they are introducing a Sun Tax for grid tied solar). I worked in both solar and a main electricity company.
You also need to think of roof suitability, location, may need to replace roof when panels need replacing, and without batteries don’t really work for most people. You can achieve the same with just batteries and time of use metering without the large initial investment.
Massive fields of gas were discovered around Wairoa 1997 and these wells for some reason were capped and forgotten???
Greenie gas ban.
Strange we have an electricity crisis, yet ev owners can still charge their cars! Go figure, if more of us buy ev's what then for the electricity crisis?
💯 they dont have the infrastructure in place, europe is already seeing problems with this and they are using nuclear energy!
Coal can be burned as clean as a whistle! It's only expensive because of the race to the bottom
known as ‘green energy’!
The Government must bring electric costs down. Its a household biggest cost. After accommodation and food. Rates are going up to.
howdo u suggest?
Won't happen, everything is about to go up through the roof, gonna be a rather bleak Christmas this year for a hell of a lot of people but hey, 'saving the planet'.
If you’re purposely getting rid of alternatives like Natural gas and LPG, and driving dependence on “renewables” by getting rid of coal, you will inevitably drive the cost of elec up because of energy scarcity. Also, transferring the load carried by petrol powered cars to elec, you make it even worse. We are creating artificial scarcity and high prices through “green” policy.
Biggest cost? We keep the house warm and it only costs us about $5 a day. We have an all-electric household in one of NZs coldest areas.
Thats why successive Govts try to discourage household solar, they want to keep the price up
Shocking, you ban gas with no replacement, and then have a gas shortage. Who could possibly have foreseen such an outcome.....
Not true. Onshore drilling was not banned and there are three offshore permits still valid and not drilled. OMV spent $80 million drilling a dry hole off Canterbury. The latest Kupe was a duster losing the companies $200 million. Sucker tax payers have spent $443 million cleaning up the mess from Tui oilfield.
@@gpsfinancial6988 it is the case. They were using up old permits. The investor confidence is gone. NZ is no longer a viable place to invest in gas exploration, because it is opposed politically. Same with shipping in gas. Who will pay for the terminal and pipes? Private companies won't want to, as any change in government could ban it.
@@gpsfinancial6988 here, he covers it in this excellent interview. Investor confidence is key, these are long term projects, but politically we have committed to carbon zero. So NZ is an investors dead end. ua-cam.com/video/VFzm7XjaGpg/v-deo.htmlsi=fMmLvmBLs3sV7AlW
@@greybuckleton In the last 5 years exploration companies have spent almost $2 billion dollars drilling 50 dry holes in NZ. Even NZ Oil and Gas has now moved to Australia - after Shane Jones told them they could do whatever they wanted to NZ and he wouldn't stop them.
@@gpsfinancial6988 watch the video man. Yes the current wells come up dry, but that does happen. Normally they would be drilling more, but they left. And you don't leave because a politician removes rules, you leave because they add them.
4 years ago - 4 years ago! I predicted this in a letter to the NZH. Transpower has a lot to answer for - 17% of power is lost in "load following" power generation... and various amounts (by some calculations 15%) in transmission. The current "CEO" is not up to the role - fire her and get your act together... Can't be bothered reiterating how - bc I have posted again and again and now I am sick to death of it.
Four!? I predicted it in 1987 when NZED was broken up.
to be fair she has introduced Diversity and Equity into TransPower and every staff member has been fully trained in the use of Personal Pronouns.........
@@raythomas8259 yes... another issue - where is our "Diversity Power Dividend". Incidentally, if you have some fatucal information on this DEI regarding Transpower then drop me a link - I will be interested to read it...
@@raythomas8259 but that’s important so that THEY can undo THOSE nuts
It sounds like we have only 1 or 2 year's worth of capacity in the hydro lakes, and we're currently relying on the vagaries of the weather to avoid blackouts and/or restrictions.
Nice.
It might be time to buy a generator and some blankets.
cant trust the government to keep the lights on. But you can count on them to jack the prices up during the black outs
It didn't help that when the head of OMV visited the new Labour government Cabinet around 2018, and described the issues with stopping oil and gas exploration, he was ignored and dismissed as "mansplaining" by one Minister. Complete and utter ideological ignorance, and we're paying for it now.
Don't mention fans or solar because they aren't relevant and there only reference is the amount of money that has been wasted on their construction. The fact of Manapouri power goes to a aluminium smelter is a bit of a mystery because it would only require a couple of billion dollars in infrastructure to utilise that power, far cheaper than wasting money on fans and solar. Idealism and lobbyists are getting in the way of our future generation.
Manaporui is connected to the national grid, the smelter only uses 600mw, manaporui generates 831mw, the extra electricity goes into everyone’s homes etc
The lowest cost access to more electricity anywhere in the world right now is by building wind and solar, and the interviewee knows this, but never mentioned it. Why?
Just imagine renewables are not guaranteed by nature! Who would have thought.
You can use South Africa as an example what happens when you ignore planning ahead. Massive economical damages and losses due to loadshedding of up to 10 hours per day. South Africa/Eskom/loadshedding/power station corruption/contracts.
Don't end up "all black".
Good luck. 👍🏻🇿🇦
Maybe electric cars owners might have to have careless days
They are running their car on coal instead of petrol. Great work team 👍
It will NOT correct itself (at about 4 mins) - it cannot correct itself bc the strategy is WRONG.
Tell Tiwai Point to make their own power - or close during this period. I am sick and tired of being ripped off by my country. Simply put there is plenty of power only the multi nationals are ripping us blind by sucking it all up for themselves - at precious little return for New Zealand.
Manapouri power station was built for Tiwai point.
ahh am in the new Auckland City mission building on Hobson street.- Auckland City. 1010.- on 1st. August 2024 A.D. the swine are going too charge twice as much for power than now.- Most off the 80 inmates at Homeground are mason Clinic nutt-cases and things like haveing too paye bill's makes them throw scooters/ wall televisions over their balconys. - unless ahh get $$$ Government Subsidys ahh will be moveing under a bridge, as ahh am a professionnal - '''Tight-arse.''- inmate nutt-jobb- Sean O'Dwyer- number 136- 140 Hobson Street.- Auckland 1010. New Zealand.-/// maha Aotearoa.''
@@davidk6264 Yep and expanded in the 2MT project during the 90's. Who paid for that station David... and why can't I have access to it now - Max sell it on Bradford.
The power generation at Manapouri was purpose built for the proposed Aluminium smelter. If tomorrow we made all those employees unemployed, it would take hundreds of millions to make the power supply be able to go into the main supply. Then only a percentage would make it all the way to Auckland as distance means some electricity is lost. It’s far more complicated than people are led to believe.
@@brianmarshall1762 Who paid for that station Brian? Nobody cares about the unemployed, National certainly doesn't, 5000 laid off already in less than a year no worries at all matey, having a few people employed while millions pay the highest price in the world for electricity when we generate at the cheapest hydro cost simply does not make sense.
Power losses over transmission are not that great, 9% from memory along the length of NZL. Is/are the Cook Straight Cable/s operating at full capacity now? I think not. ONLY way to bring power prices down is to Nationalise it like it used to be, very, very successfully indeed. Any, and every other model is flawed - to the core.
In 2006 we had a pop. of 4 million. It is now 5.25 million. That's a 31% increase. Since then we haven't had such a large increase in generation. Same applies to housing/hospitals/etc. On other forums, John Kidd has stated that since Labour took office in 2017, 50 bores have been drilled looking for gas and no commercially viable amounts have been found. He has also stated that imported LNG is half the price of our domestic gas supply, but we lack the port/conversion equipment to connect it to our current supply chain. After we taxpayers having to foot a $434 million bill to clean up after Tamerin, perhaps LNG import is the answer.
Shutting Motunui is the answer, we never did get a drop of petrol out of it and now the Canadians are lapping up all OUR gas to OUR detriment.
@@paulmeersa7162 That's what happens when you sell off your resources or infrastructure to foreign owned co.s.
@@timtowers7997 Yes Sir. Next minute we will have to be sending our PM over to see Blackrock's Larry Fink to build us some more, and as we all know Blackrock are the cheapest & best out there, that do not clip the ticket at all - ever, and never, on going, going forward, forever, at all. Not at all.
And of course in the case of the Gas to Gasoline plant at Motunui it was in fact given away to Fletcher; this is the plant that would produce petrol from Maui gas at less than $1/litre at 1999 prices. We paid for that, we never saw a drop, now it chews through OUR gas at an alarming rate making methanol not petrol, with all profits going to ..... Canada = BEAUTIFUL! Absolutely BEAUTIFUL. Thanks Roger Douglas, thanks Max Bradford. And who married Fletcher, why the same person who gave Maori a way to own the forshore and sea bed. I have had enough - have you...? High power prices are because of corruption - nothing else.
@@timtowers7997 Same as is in Australia - they don't even get the minuscule royalties for half it it and then Australians get their own gas sold back to them at retail. Our polis jump in and out of corporate/board jobs that they were part of regulating too just like aussie and US. To much money on the table and they spin the story we aren't corrupt in NZ.
Electricity in new zealand is a rip off time to look at nuclear
What’s happening with the rollout of wind and solar in NZ?
John nails it!!
My power has been totally free for the past 4 years. The fuel for my EV is free. In actual fact, i also get $2000 each year back from the power company for my surplus electricity. Each year i save $3000 power, $3000 petrol and get $2000 cash. Total expenditure was $23,000, so im fully paid back already
So quit complaining and do what i did. Learn about solar and batteries, then install your own panels and make your own battery (i use old EV batteries which are perfectly fine for house batteries)
Or just accept that youre going to get ripped off more and more each year, because youre too lazy to do anything more than complain
The govt and power companies do not want household solar because it will affect the tax take and their profits. But NZ is well set up for solar, because it allows the hydro lakes to build up during the day so they handle the evening peak. Give a tax right of, or a subsidy to encourage homeowners to install solar like Aussie, then we will not require Transmission upgrades or other major power generation sources.
Nz shut off cng gas years ago.
Cng is a dry gas but tons of it.
Open it up again.
The base load of the country keeps on growing but the base load generation does not, wind and solar are fine to help out but they are not reliable enough to be reliable help. Every time we have had warnings from Transpower to shed load it is because of those renewable types of generation not performing as expected, frosts in the areas where windfarms are located means no wind and no generation. On the current path we are heading towards rolling blackouts and at worst a cascade failure of the grid, any substantial generation suitable for base load will take decades to construct and it only gets harder and more expensive every year, yet still there is no plan....our first world status is slipping away.
A Nuclear station near Hellensville was determined to be the best location in the 1960’s due to the lack of fault lines, volcanic activity and culture at that location and it’s proximity to Auckland. We need it as a reliable baseline to renewables which are unreliable and dependant on the whims of nature.
Problem with hydro power is you can’t just go sticking them in willy nilly. There probably is a lot of planning required to ensure you don’t just screw up all of our waterways and create flood risks etc. We should have better backup power options.
We've had 3 power cost rises the last 18 months in Sydney. Contrary to the Labor government promises if cuts.
Embrace the folly of wind and solar.
Put dams where there is water?????
Can you imagine the protests from the economically challenged green lobby of virtue signalling if a place for a new dam was found?
Interest free loans for Govt subsidised domestic solar power hardware and installation = problem solved. The free open market simply does not work, it is time to bypass them completely and go back to Govt controlled power generation, after all that worked very well indeed for years on end in New Zealand, very well indeed. Bring back NZED and MOW&D WHAT a success that was!
Except we don't get enough sun in the winter when we need the most power. It's particularly bad at the moment because of all the cloud seeding, I've had only 1 sunny day in the last few weeks.
@@sportysbusiness You don't need bright sunny days to generate, and it would only be a back up to the extensive hydro NZL enjoys.
More worthless renewables rather than hydro, coal, geothermal, and nuclear that actually work. 🙃
Solar and Wind are intermittent generators, and cloud cover DOES significantly reduce PV generation.
Every country that has switched baseload grid supply to PV & Wind has experienced higher kWh costs.
@@bitsnz1837 Have they given loans to people to put solar on their own roofs, pay back is three to five years. Then another three to five years to save for the replacement of the system. After six to ten years you are making money, real money! Don't forget when the sun shines there is no rain to fill our hydros. Or to put it the other way when there is rain we switch to hydro, with a smart meter, when the sun shines we don't. They work in NZL hand in hand, in private hands. Wait till they allow you to have a battery in your EV car that can also run your house power. Why do they ban that, same reason why they somehow can't make solar work. :):)
The major issue I have with laws and his like minded cronies is the fact that everything they opinions on are negative, hence the constant look of depression, sadly most of the comments are also negative, so glad that I live my life with a positive outlook ,and steering clear of rabbit holes
Isn't it true NZ would have excess power generation if Tiwai Aluminium Smelter was discontinued? Isn't it also true the subsidies paid to the foreign owned company are in part responsible for the higher retail price for everyone else? I understand that community are very dependent on that company but in the context of a NZ wide issue of extortionate pricing and lack of reserve capacity, you'd think that would be the first thing to consider rather than burning more oil.
Good thing our cars don’t use electricity.
There is no shortage of power in nz never will be the shortage we have is kiwis who will take our country back for the good of us all brown and white together we stand divided we will fall
Maybe time to stop subsidising australian aluminium smelter down south
The smelters power has nothing to do with domestic power. It is independent.
Maybe we just get real about our energy needs, practical intelegent policy for a start.
@@cyrillawless
Still subsidized by NZers
@@barbaratomlinson5404 The smelter is not the problem.
If the smelter was not consuming the large quantity of electricity that it does, then it probably stands to reason there would be more available for the non-Tiwai part of the base load…. It was only a couple of years ago that Rio Tinto was not going to stay at Tiwai, and there was much hand-wringing and panty-twisting by certain parties, saying the sudden “excess” of power would drive down prices to an uneconomic level ( whatever that means!!)…. My, how quickly the narrative has changed….
National destroyed one of the best systems in the world when they broke up and partially privatized the state owned system in the 1990's. Subsequent immigration has pressurized the system and lack of forward planning and cohesion between competing companies leads us to where we are.
It is drivelling lunacy to state that policy changes in 2019 play a role in lack of capacity today. Planning,funding and building new, large scale generation systems takes a decade or more.
It is the fragmentation of our system and the privatized nature of profit taking that hamstrings development.
why are the power prices so high, its not like they are up grading the dams. i am pretty sure the dams have payed for themselves, so theres no need to have the prices so high
Govt sold them to private entities that want to make as much money as poss
@@craigtuck1741 The demand for the limited supply we have has gone way up though. Limited supply and high demand = high prices.
Karapiro dam is under full turbine and dam gate upgrade at the moment.
there has been huge investment in wind. and some solar. And thousands of commercial and private homes have solar. Our company exports solar to the grid. In mid summer we can charge and electric vehicle and send power to the grid. The solution is install solar on large commercial buildings. In winter sure we take from the grid. But if we dont use power in the summer using solar it gives the lakes can recover. But the govt has told people to change to electric heating instead of gas and that is a problem.
I have solar it's only good for 2 days then the backup generator has the kick In when it's overcast... not reliable without alternative fuels expensive overpriced electricity generating system.
The the cost of the total system is equivalent to paying 15 years in advance for power that you have yet to use.
It's misleading when they say it's free energy nothing free about it.
The but having said that it does have some advantages if you live in the isolated part of the country where there is no grid power available.
The clean energy zero carbon is nothing but the biggest Swindle of the general New Zealand public in the history of federation.
@@jimmycook872 Historically solar was expensive for instance 250w panel was $400 not long ago, now 480w panel is $400 also less panels and framing to install. For businesses it is very different to residential for lots of accounting reasons. It is predicted that price will drop 90% in 10 years as it has done historically. I have one building completely off grid ie no alternative power required at all. No line cost either. All depends on situation. More and more will change over. Just a matter of time and situation. My house is not yet changed over as it is still too expensive but it is changing quickly. For residential it is about the battery cost and that is coming down fast. Commercial demand is holding the price up when that settles it will be all go residentially. Ironically it is heat pumps that is causing the issue with batteries because you need heat pumps in the winter in nz when there is not as much sun. The lighting and IT load is very small. We do not have gas at the commercial premises but if we did and we had more recent panels we would not need a connection to the grid. $60x12=$720 x 15 years = $10,800 in line charges alone at todays prices but the line charges are going up faster than inflation as power suppliers protect themselves against solar losses. Who knows how much line charges will be in 10 years.
Back to the dark ages ......horses, oil lamps, coal range aah the good old days..😢
Never let a good crisis go to waste. We need create policies that subsidise the combination of residential energy storage and energy generation to promote resilience to single points of failure due to repeated catastrophic weather events and to rapidly build out energy infrastructure. The ultimate in public private infrastructure builds. Electricity to the grid via RIMs when the electricity is required is an IT and software problem. Legislation to lessen penalties for this type of electricity production when it cannot fully meet its commitments to the grid would de-risk its adoption. Essentially residential power generation with storage should be allowed to participate in the auction window.
Please tell me when it’s not a perfect storm reason it lift prices just happens to turn up every year
Interesting how a failure of investment in new generation by private electricity companies, failure of gas supply, and a failure of peaking capacity can be blamed on wind, solar and EVs.
Some folks here need their reading comprehension checked.
Why can’t the power buyers pay people more than 8 cents a unit to upsize there home systems to put more back into the grid . Not significant but it’s small steps
They only pay 8.8 cents a unit from the national grid.It cost 25 cents to meter and invoice the balance.Money for jam.
Weve just had the biggest drop of snow for years , Will prices drop
The problem is the neoliberal economic model, Electricity generation and supply are most cost-efficiently achieved in NZ by public ownership! It is an essential public service with only enough profit to reinvest in maintenance and improvement should be calibrated. Why are we 'hand-cuffed' to a failed model? Because we have been entangled in international neoliberal trade agreements that do not allow change. Mass immigration has greatly exacerbated the problem. The current model is a profit-driven, inefficient disaster.
4:30 Pleased that you asked the question about gas and fossil fuel carbon rules.
Turn on the solar panels and wind turbines that'll save us 😂🤣😂😂🤣😂
It will. Daily demand isn't the issue, so it doesn't matter when the wind blows or the sun shines, it just happens, and when it does, hydro supply is used less. Everyone likes to point at Germany for switching off nuclear, but in the years since, renewables have gradually made up, and overtaken what nuclear used to supply, and now generates more power in Germany than fossil fuels.
Lets all get electric cars!!!!!
More geothermal could provide sufficient baseload electricity 24/7. Gentailers won’t make this investment bc they are making huge $ on spot pricing.
Nuclear power, using small generators close to the power area requirements. Not rocket science!
Remember folks it's a fine line between governing and dictating.
You decide
Made your biggest city as far away from power generation as possible
Hopefully they are expanding the Huntly power station.
@@paulfaber6227 To run on what...?
Too many Curry Pots on the boil
Right there, spot on.
Or Boil Ups?
Only countries with too many powers to greens and animal safety groups suffer electricity issues.
These groups are one of the biggest carbon footprint groups,this applies universally to all countries
Example Greta T. and her colleagues
In NSW we still pay TWICE the price for our Electricity than NZ - This is purely political mismanagement from [1] Favoring gas-export over local supply severely impacting domestic electricity price regardless of whether it's supplied by gas or not; & [2] Excessive renewables fantasy tax that all consumers are paying. No doubt Wellington could still fail in their policy direction, but I would trade OZ supply constraints (be they governance or natural) with NZ's any day. God defend Australia 🦘🥝🦘
NZ has actively discouraged solar through a number of 10 year energy planning cycles. I never understood why, because solar is the perfect compliment to hydro.
The trouble with Solar is when it is producing efficiently it’s sunny so no one is using it.
Net metering needs to be brought in and for 3 phase systems which get penalized worst than 1 phase systems why? Due to a greedy few who wont change as they will loose millions if they did, there is 5 people who control and own the nz network's ?
Wasn’t john quay on 2 when he sold off the silverware
Are Maori getting the same expenses? Or special privileges for power too?
Ohh,,,, let’s all go get an EV !
WE NEED A NUCLEAR POWER PLANT YESTERDAY
The gods are not giving water because no respect for our rivers have been abused.
We need a ban on heat pumps and electric cars and invest in geothermal.
One company ‘pays’ its customers to reduce demand. So why not do that more widely. It apparently works for them and has been shown to work very effectively in the UK.
Gas turbines - if you have gas.
Wait but we all have to have EV's to save the planet, well for NZ 0.1% of the planet.
It's not even close to 0.1% it's much less.
Taupo levels are quite high, As are Auckland damns. Lack of real snow and a dry summer could be a problem.
Taupo is not high. I drove alongside it this afternoon. Rocks and long rocky beaches everywhere. Its been the driest winter I can remember here for a long while.
Wind and solar next generations power, invest heavily it's the future no to ways about it, gas will always be here plenty on shore in reserves, but will play second fiddle to the alternative.
Keep taking those boosters pal 🤦♂️
More renewables means less drain on the hydro lakes. Solar is the cheapest to install right now.
I just received a email from yes you guess it my gas is going up again ,
Another base load power station is needed. If they would stop playing games with coal NZ could have the cheapest energy in the world.
You bet cup cake😂