dry years

Today I attended the ceremonial opening and commissioning of the new cogeneration facilities of the company "TESSA Energy", a significant private investment in the energy sector, which will simultaneously produce heat and electricity. It is a modern and important project, especially on the eve of the upcoming heating season, which contributes to greater energy security and more efficient use of resources. Such investments also mean a better quality of the environment, through the reduction of em…

The Government’s plan to ensure secure, affordable electricity for New Zealanders is working, with data today showing new records for renewable generation and a significant drop in wholesale electricity prices, Energy Minister Simeon Brown says. Data from the Ministry of Business, Innovation & Employment for the three months ended 30 June this year shows: “These are significant wholesale price decreases, reflecting a number of factors including the Government’s decision to procure an LNG impor…

The Government will remove a key barrier to creating underground gas storage by ending the requirement for developers to pay royalties on gas that is unlikely to be extracted or sold, Resources Minister Shane Jones says. “Across the world, underground gas storage is a proven way of improving flexibility and resilience in energy systems. There are already proposals being explored that could significantly expand New Zealand’s storage capacity, and we want to ensure unnecessary regulatory barriers…