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:

BIF - capital commitment made to BIF
HGH - Heartland shareholders approve proposed TSB merger
TWL Annual General Shareholders' Meeting 2026 Results
TEM - Transaction in Own Shares
BIT Transaction in Own Shares
WHS - The Warehouse Group FY26 Annual Results
WHS - The Warehouse Group to hold Investor Day
MEL - Meridian to upgrade Waitaki Power Station
AIA - DRP Strike Price and AUD FX Rate for FY26 dividend
CNU - Notice of annual meeting and proxy/voting form