Sharechat Logo

Big hydro generators offered protection from new water regime

Thursday 5th September 2019

Text too small?

Government efforts to improve freshwater quality have run up against its 100 percent renewable electricity goal, requiring protection for the country’s largest hydro-electricity schemes from key elements of the proposed new National Policy Statement on Freshwater Management.

With hydro-electricity producing around 60 percent of the country’s total electricity supply, major electricity generators were “concerned over the regulatory risk and uncertainty” created if they had to meet the new fresh water standards when they came to renew resource consents.

“The continued operation of New Zealand’s hydro-electric baseload will be crucial in meeting emissions and renewable electricity goals,” according to a discussion document on the proposals, released at Parliament today by Environment Minister David Parker and Agriculture Minister Damien O’Connor.

With increasing electricity generation from wind farms, it would become “more important, not less” to be able to manage water held in hydro lakes flexibly, it says.

The document proposes carving out the six largest hydro schemes in the country, operated mainly by the largest power companies, to allow the electricity system to get the best use from renewable resources.

Those schemes are the Waikaremoana, Tongariro, Waitaki, Manapouri, and Clutha schemes, and account for about 90 percent of national hydro generation capacity.

(BusinessDesk)



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar stalled amid ongoing coronavirus concern
Member growth delivers healthy results for nib New Zealand
The Australian Dollar Nears a Tipping Point Thanks to Ultra-Low Rates
With Gold Surging, Miners Face Payouts Versus Production Dilemma
24th February 2020 Morning Report
U.S. Dollar Nears a Critical Level That May Trigger a Buying Spree
21st February 2020 Morning Report
Tech Leads Stocks Lower on Virus Fears; Gold Gains
NZ dollar falls on disappointment over Chinese stimulus
Qantas Axes Flights Across Asia as Virus Scares Off Flyers

IRG See IRG research reports