(16-03-2023, 03:21 PM)harm_less Wrote:(16-03-2023, 12:47 PM)Lilith7 Wrote: It makes good sense, & National give the impression of only being against it because Labour are for it.National are on the side of big business which includes the big generating companies who stand to lose by not being able to profit from peak wholesale pricing as storage capacity will level NZ's generating capacity on a real time basis. As with any National strategy just follow the money stream.
Who is the major shareholder in most of the NZ power companies?
(16-03-2023, 09:23 PM)harm_less Wrote:(16-03-2023, 06:08 PM)Wainuiguy Wrote: $16 billion to do. Which actually means it will be closer to $30 billion by the time they get around to doing anything. Seems that could build a shit load of wind, solar and hydro surely?The main point of the project is to provide storage to buffer the intermittancy of wind and solar, together with offsetting hydro shortfall in dry years. Onslow will stop the extortionate peak wholesale rates that are so damaging to our current supply set-up and requires the thermal backup generation which is ruining our emission targets.
Put the cost against the increasing price of providing hydrocarbons for peak generation and the $16b gains a bit of relevancy.
We need to invest in more hydro, especially in areas where there is plenty of rain I.e. the West Coast. The dams on the Waikato are quickly approaching their end of life and will need to be replaced or majorly upgraded. And $16 billion won't be the cost - you know this so stop quoting that price.