GNE - Genesis Energy

[xafalcon]

Over the last 5 years Big Oil has spent $2 Billion drilling 50 dry holes. The combination of Tiwai supposedly closing down and freeing up 13% of supply and the Onslow project increased the risk of adding supply. None the less all of the power companies are adding capacity. Australia gets 20% of their electricity from solar, much of it on housing. While our sunshine hours are lower there is not a huge difference. Solar and storage (we already have it in hydro) could easily add capacity.

There is a significant difference in solar efficiency NZ vs Aussie

The storage we have in hydro is woefully insufficient as the current situation has clearly demonstrated. I suggest you review storage levels in Dec 23 vs now. We went from the big wet to the big dry in 6 months.....

As electricity demand grows (3-4%pa compounding) our hydro storage % of demand falls by 4.5-6%pa compounding

[Rocky]

maybe we should raise Manapouri?

[Sideshow Bob]

maybe we should raise Manapouri?

Zero chance of that happening. Was fought off in the early 70's.

https://en.wikipedia.org/wiki/Save_Manapouri_campaign

[xafalcon]

Zero chance of that happening. Was fought off in the early 70's.

https://en.wikipedia.org/wiki/Save_Manapouri_campaign

It is one of the rainyist places on earth. Surrounded by a rainforest. In a national park.

Yep, zero chance of altering the lake level

But excellent engineering to make it invisible

If only our current politicians (red, blue, green, black) just agreed to do a new long term electricity project like our fore fathers did on so many hydro and geothermal projects

Yep, zero chance here as well

The blue team have already proven they can't be trusted, breaking the 3+3 urban intensification plan they agreed to while in opposition