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Thursday's Chorus: Where's the solar plan?
This is a free preview of a paid episode. To hear more, visit thekaka.substack.com
Briefly for all today in Aotearoa’s political economy around housing, poverty and climate:
* The Lead: The Government’s electricity reforms yesterday focused on a vague, expensive and slow construction of an LNG port facility. But why didn’t it look at a fast and big rollout of grid-scale solar panels and electric battery parks? Especially given the one Meridian has built at Ruakaka in Northland has already suppressed wholesale price inflation.
* The Sidebar: ANZ fired back at BNZ last night to match its market-low one-year special mortgage rate of 4.49%, setting the scene for an end-of-year surge of credit into a stalled housing market. See more detail and a chart below.
* Number of the day: $300 per megawatt hour. That’s the potential cost of LNG-powered electricity, vs the $135/MWhr cost estimated by the Electricity Authority for installing panels, batteries and wind farms.
* The Chart of the day below is from fresh RBNZ bank lending data for August showing a spike in housing lending.
* The Deep-dive of the day is from Marc Daalder for Newsroom: Damp squib energy reforms reject 8 of 10 recommendations
Subscribe in full as a paying subscriber for more detail and analysis below the paywall fold and in the full video and podcast above. Paying subscribers support my work being done in the public interest here and in my appearances on other media such as RNZ & 1News. Paying subscribers also get early and full access to our webinars, our chat room and can comment on articles.
Why not use solar & batteries instead?
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By Bernard HickeyThis is a free preview of a paid episode. To hear more, visit thekaka.substack.com
Briefly for all today in Aotearoa’s political economy around housing, poverty and climate:
* The Lead: The Government’s electricity reforms yesterday focused on a vague, expensive and slow construction of an LNG port facility. But why didn’t it look at a fast and big rollout of grid-scale solar panels and electric battery parks? Especially given the one Meridian has built at Ruakaka in Northland has already suppressed wholesale price inflation.
* The Sidebar: ANZ fired back at BNZ last night to match its market-low one-year special mortgage rate of 4.49%, setting the scene for an end-of-year surge of credit into a stalled housing market. See more detail and a chart below.
* Number of the day: $300 per megawatt hour. That’s the potential cost of LNG-powered electricity, vs the $135/MWhr cost estimated by the Electricity Authority for installing panels, batteries and wind farms.
* The Chart of the day below is from fresh RBNZ bank lending data for August showing a spike in housing lending.
* The Deep-dive of the day is from Marc Daalder for Newsroom: Damp squib energy reforms reject 8 of 10 recommendations
Subscribe in full as a paying subscriber for more detail and analysis below the paywall fold and in the full video and podcast above. Paying subscribers support my work being done in the public interest here and in my appearances on other media such as RNZ & 1News. Paying subscribers also get early and full access to our webinars, our chat room and can comment on articles.
Why not use solar & batteries instead?