Why can't the govt compensate rio to shut down the aluminium smelter during days of high demand.
You have been sleeping for too long Panda. It is no longer 1977. The power system is now run at arms length from the government with a bid/offer system open to all generators, with Transpower keeping a watching brief and 'jawboning' when necessary (such as this morning). Tiwai have a supply contract with Meridian/Contact. They are already being compensated for having agreed to shut down operations at peak demand time by the lower unit price they pay at other times.
Originally Posted by Panda-NZ-
Or.. fast track the withdrawal.
Tiwai are no longer planning to go is the word.
And sorry to be the one to break this news to you. But Rob Muldoon is no longer leading the National party or the government. In fact, he has died.
SNOOPY
Last edited by Snoopy; 10-05-2024 at 08:22 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
My monster Rinnai gas heater is doing the business at the moment. I'm doing my best to take pressure off the electricity market which appears to be out of control just now.
Burning barrels of oil(edit: diesel) at Whirinaki is expensive!
Burning diesel again today. That's going to hurt the hip pocket
And is a great illustration of the need for thermal to back up renewables. And the more renewables, the more back up that is needed. But I doubt any new thermal plants would get resource consent
Also shows the folly of cancelling Lake Onslow, which would have been the perfect back up for renewables (in 10 years when Huntly rankines are retired)
Anyone heard anything on how the Kupe KS 9 results are going?
Letter to the editor from 'Steven Nichols' an 'Engineer working in the energy sector" in the May 16th 2024 issue of the Christchurch Star
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New offshore gas exploration is unnecessary creating complex issues and serious financial risks for New Zealand.
Onshore gas exploration is not currently banned and there is no domestic need for new offshore supplies. Modelling commissioned by MBIE for the Gas Transition Plan has shown that we can meet current gas demand for residential commercial and industrial purposes from onshore supplies and investment. Offshore gas supplies have traditionally been underpinned by larger petrochemical users such as Methanex and cost more to develop than onshore supplies.
Reopening offshore oil and gas exploration is inconsistent with our Paris Agreement targets and our free trade agreement with the EU (which require us to meet our Paris targets). Failure to meet both has serious financial implications for New Zealand in the form of penalties and purchasing offshore carbon credits. Pursuing new offshore gas exploration will cost New Zealanders more money in the long run and make it harder to meet our decarbonisation targets.
The near grid emergency on the morning of May 9th was less about gas supplies and more about an early cold snap, combined with 700MW of generation undergoing scheduled maintenance. It was an issue of capacity, not shortage of energy.
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SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
KS 9 has already been drilled. They were working on how to get the best flow rates out of it.
NZO has publicly stated that is makes more sense to spend shareholders money in Australian onshore wells and 'shipping' it to NZ for a better return.
The Kupe Drills had been committed to years ago to try and extend the life of Kupe. This is still GNEs baby and they need to make the most of it, for shareholders and NZ.
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Originally Posted by Panda-NZ-
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