Building on the successful launch of the BEC2050 Energy Scenarios late last year, this year we introduced our series of ‘deep-dives’. Seeking to influence the Government’s forthcoming announcement and shape future business decisions, in September this year the BEC launched its first deep-dive into NZ's energy targets 2030. The second, on energy sector carbon emissions, is scheduled to be completed by March 2017.
We have continued to successfully influence and help shape energy policy developments as evidenced both by the Government and the opposition parties actively using the Trilemma framework and our Energy Issues Maps as a co-ordinating principle in the framing of policy responses.
In the year ahead, the most obvious big event will be the general election. Elections are opportunities to consider our direction and priorities as a nation. At their best they invite civilised discussion of our values and choices. In the field of energy at least, there is much to contemplate and weigh up. BEC will continue to encourage its members and others to do exactly that. We will keep you updated with our monthly BEC newsletter.
News from our Members
Future proof your building
Property owners and tenants are being offered the chance to get a free assessment done on their office buildings to start them on the journey to obtaining a NABERSNZ Certified Rating. NABERSNZ is an independent measurement and rating tool that benchmarks the energy performance of commercial office buildings in New Zealand. Read more...
Genesis Energy buys NZOG's stake
Genesis Energy recently announced the acquisition of New Zealand Oil & Gas' ("NZOG") 15% share of the Kupe Joint Venture ("Kupe") for $168 million. The acquisition strengthens Genesis Energy's integrated fuels strategy, creating greater flexibility of fuel supply, increased influence in the Joint Venture, and will increase Genesis Energy's stake to 46 per cent in the oil field. Read more...
No luck in Reinga Basin
Statoil has informed the New Zealand Government of its decision to stop looking for oil and gas in the Reinga Basin. In 2013 and 2014, the company was awarded two exploration permits (PEP55781 and PEP57057) for the Reinga Basin. After the analysis of collected data for the past three years Statoil sees little chance of a large oil or gas discovery, New Zealand Country Manager Brynjulv Kløve says. Read more...
Label and minimum efficiency
Francois Moisan, Executive Chair of the WEC efficiency report, says “Building codes, labels and minimum efficiency standards on equipment prove to be efficient measures since they are reinforced and regularly updated. However, the right policy mix is country and sector dependent." He believes that the rise of ‘prosumer’, combined with placing consumer at the centre of energy systems will drive major improvements in energy efficiency. Read more...
How to offset more than 109,500 gallons of diesel a year?
High and unpredictable cost of electricity generation using imported fossil fuels, has led islands like Ta’u to transition to 100% renewable energy. The recently installed 1.4 MW solar and 6 MWh battery system replaces 109,500 gallons of diesel and will supply power to the 600 residents of the island. Read more...
US a natural gas net exporter
The most significant US energy policy update in a decade, the Energy Policy Modernization Act 2016 will be introduced into the new Congress in January 2017. With the new Act, the US is expecting significant increases in LNG exports, especially to Japan and China. Strategically, this could lower European import dependency on Russian gas. In November 2016, Barry Worthington, Executive Director of the US Energy Association reported that the US for the first time became a net exporter of natural gas. Read more...
Update from the
World Energy Congress 2016
Young Energy Professionals Network
Join us tomorrow 4 pm at Z Energy to hear from two Young Energy Professionals, Tina Frew and Bharti Patel, about their recent experiences at international energy events.
For our last event of the year, we've lined up two of our Young Energy Professionals to tell us about their recent experience at the World Energy Council Congress in Istanbul, and the Association of Power Exchanges Conference in Colombia.
Afterwards, we will heading to Dockside for a drink to cap off the year. Don't miss out on these presentations and register now!
Tuesday, 6 December 2016, 4:00 pm – 6:00 pm WHERE Z Energy, 3 Queens Wharf, Wellington 6011