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The latest Regional, National and International News from BEC

  • BEC

    BusinessNZ Energy Council positive about energy future

    12 Dec 2017 | BusinessNZ Energy Council

    The BusinessNZ Energy Council (BEC) has released its post-election briefing setting out the conditions required to unlock a positive energy future for New Zealand. BEC Chair David Caygill says New Zealand’s energy systems have provided a sound foundation so far, but the new challenges we face will require new and innovative responses from regulators, energy businesses and consumers.

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  • BEC

    The 3Ds - three trends impacting the global energy sector at an unprecedented pace:decarbonisation, digitisation, & decentralisation

    5 Dec 2017 | BusinessNZ

    The rapidly emerging trends of decarbonisation, digitisation and decentralisation require fundamental changes in regulatory approaches and prompts a rethink of who can participate in the energy market. But at the moment, the global energy sector is uncertain whether regulations can keep pace with the changes.

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  • BEC

    NZ ranked in top 10 in global energy comparison

    16 Nov 2017 | BusinessNZ

    Ranking ninth in the World Energy Council’s Energy Trilemma Index, New Zealand is the only non-European country in a top ten led by Denmark and including Germany and the UK. According to BusinessNZ Energy Council Chair, David Caygill, this high ranking demonstrates "a consistent approach to the pursuit of balanced energy polices” making New Zealand “well-placed to keep up the pace”.

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  • BEC

    Greening China to drive global cost reductions

    25 Sep 2017 | Joshua Riddiford

    The rapid "greening" of the Chinese economy may continue to help drive down the manufacturing costs of renewable energy technologies, a visiting academic says. Wind, solar, battery and electric vehicle technology have seen cost reductions "because, as the market expands, so the efficiencies improve and the costs come down and the more the costs come down the more the market expands and this is a virtuous circle," professor John Mathews told a Business NZ Energy Council meeting in Wellington last Friday...

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  • BEC

    Global Green shift – China as a driver

    25 Sep 2017 | BusinessNZ Energy Council

    China’s energy strategy and its global implications. John Mathews, Professor of Strategy at Macquarie Graduate School of Management in Sydney, spoke about the current developments with China's energy strategy. He presented evidence of a global green transition under way – but contrary to popular perception – one that is not driven by the United States, the European Union or Japan. He argued that China is driving the green transition, very much for its own reasons of enhancing its energy security and cleaning up its deteriorating urban environment.

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  • BEC

    Moving Forward with Tariff Reform

    5 Sep 2017 | BusinessNZ

    Tariff reform has evolved through five waves since the late 1970s. While 300+ pilots have shown that customers respond to time-varying rates, there is a reluctance among policy makers, regulators, and utilities to move ahead with new tariffs because of strongly-held misperceptions about how they may raise customer bills.

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  • BEC

    Parties unite on removing LFC

    3 Aug 2017 | BusinessNZ

    The legislated low-user fixed charge has become a “middle-class subsidy” for electricity and needs to be scrapped or replaced, the country's political parties agree. Labour Party energy spokesperson Dr Megan Woods says the most vulnerable families in terms of energy poverty in her Wigram electorate office are not small households with solar panels, but “very large families”.“They are probably living in uninsulated rental accommodation and they're the ones not getting the benefit, so I absolutely don’t think it meets the needs that I think it needs to.”“It can be seen as a middle-class subsidy now.”

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  • BEC

    Germany's renewable push delivers innovation

    4 Jul 2017 | BusinessNZ; BusinessNZ Energy Council

    The Energiewende is seen as a longer-term "investment" which comes with significant costs. The German government has spent about €500 billion on electricity subsidies to date. But it expects it will have beneficial outcomes out to 2030 in terms of economic development, as well as by creating a decarbonised energy system. Germany's "integrated" policy seeks to lower emissions across the country's electricity, industrial and transport sectors. It also seeks to increase energy security by reducing the country's coal, gas, petroleum and uranium imports.

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  • BEC

    Overseas projects may have role in NZ carbon target

    27 Apr 2017 | BusinessNZ

    New Zealand's renewable electricity experts may be able to earn carbon offset overseas once multi-lateral trading systems are set up.Kay Harrison, the Ministry for the Environment's lead carbon markets negotiator, says New Zealand's industry expertise is an opportunity to participate in large-scale projects that increase other countries' renewable capacity.

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  • BEC

    New report sheds light on energy and transport sector’s emission reductions

    7 Apr 2017 | BusinessNZ

    The BusinessNZ Energy Council (BEC) today released the second in its series of reports on energy scenarios to 2050. This report looks at the contribution the energy and transport sectors can make to emission reductions.

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