1. Electricity Engineers’ Association Conference
20 June 2008
Hon. David Parker
Minister of Energy

3. NZ Energy Strategy: Our vision
A reliable and resilient system delivering
New Zealand sustainable,
low-emissions energy

4. Energy efficiency An untapped virtual source of energy
Strategy covers whole of economy
Long-term major savings possible

5. Emissions Trading Scheme
Internationally favoured measure
In line with others
Includes every sector of economy –
forestry, liquid fossil fuels, stationary energy/industrial processes, agriculture/waste/others
Linked to Kyoto trading markets
Gradual introduction

6. Renewable electricity target
90 per cent of electricity from renewable sources by 2025

7. Forecast electricity generation

8. Renewables future - economic sense
New Build Generation Costs

9. Commerce Amendment Bill
Simpler, more predictable regime for lines companies
Time limits for CC decisions
More appropriate disclosure regime for locally owned lines businesses
Reduced compliance costs

10. EIRA Amendment Bill
Ability of lines owners to sell output of generation made easier
Scope of lines / supply ownership separation narrowed
Definition of “renewable” generation broadened

11. Continuance of supply post 2013
Section 32 of Electricity Act to be amended
Obligation to supply – lines or alternative generation
Consumers and lines companies – joint focus on best solution for each area

12. Key actions for renewables
National policy statements on -
renewable electricity generation
electricity transmission
- to provide guidance for councils
Call-in powers available

13. New technologies Need diverse mix of renewables
Main increase over next decade will be wind and geothermal
As island nation NZ has great potential for marine generation

14. Marine Energy Deployment Fund
First grant – Crest Energy for Kaipara Harbour entrance project
Will improve reliability of supply to local community
Further funds available in Round 2

15. Electricity emissions reduction opportunities

16. Concluding comments