logo
Extra Hydro Generation Secured To Support Energy Security

Extra Hydro Generation Secured To Support Energy Security

Scoop7 days ago

Minister for Energy
The Guardians of Lakes Manapōuri and Te Anau and Meridian Energy have agreed on changes to the Operating Guidelines for how the lake levels are managed, that will boost New Zealand's hydro generation and energy security, Energy Minister Simon Watts has announced.
'These changes will deliver an extra 45 GWh of energy from the Manapōuri Power Scheme each year that's enough energy to power around 6,000 homes. It is an important step in the Government and the sector's work to protect the security of our energy supply for the future,' Mr Watts says.
'Last Winter, New Zealand faced an energy shortage that led to significant price increases for consumers, in part due to low hydro lake levels. This Government will not accept a repeat of last winter and is working at pace to ensure we have a reliable and affordable energy supply.
'Lake Manapōuri and Lake Te Anau are not only environmentally and culturally significant, but they are also essential to New Zealand's energy system. However, in recent years the lower operating ranges of these lakes have been underutilised, impacting our energy supply and risking the health of plant life along their shorelines.
'The agreement reached today allows for more flexible drawdown rates once the lakes reach lower operating levels, enabling Meridian to continue generating when lake levels are low. The changes balance the needs of our country's electricity system with the environmental impact on the lakes and their surrounding areas.
'I am pleased to have enacted the Guardians and Meridian's recommendations by amending the relevant legislation and publishing in the New Zealand gazette.
'I acknowledge the expertise of the Guardians, who are responsible for advising on environmental, ecological and social effects of the power station on the lakes, and Meridian, as operator of the Manapōuri power station.
'I thank them for working together to recommend a path forward that better protects the existing patterns, ecological stability and recreational values of the lakes, while optimising hydro generation.'
Notes:
Changes to the operating guidelines include changing the drawdown rates, reducing duration requirements, and removing equinoctial requirements. In more detail:
o Changing the drawdown rates - the rates at which hydro generation can reduce the levels of the lakes – when they are in their 'Low Operating Ranges', enabling Meridian to generate more flexibly at the lower ranges.
o Removing the duration requirements on the how long the Lakes can stay within the first band of Low Operating Ranges, enabling Meridian to continue generating more often when hydro levels reach these stages.
o Removing equinoctial requirements, which set additional limits on how hydro generation could affect the Lakes twice a year during windier periods.
Minister Watts has given effect to these changes under section 4A of the Manapōuri-Te Anau Development Act 1963.
The Guardians of Lakes Manapōuri and Te Anau are a statutory advisory board appointed by the Minister for Conservation. Of the eight Guardians, at least one is nominated by Te Rūnanga o Ngāi Tau to represent iwi interests as part of the Crown's Treaty settlement with the iwi.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Inland Revenue outlines focus after Budget funding boost
Inland Revenue outlines focus after Budget funding boost

1News

time17 hours ago

  • 1News

Inland Revenue outlines focus after Budget funding boost

Inland Revenue (IR) will intensify its tax compliance and collection efforts following a significant funding boost in Budget 2025, with expectations of strong returns on investment. The Government had allocated new additional permanent funding of $35 million a year for Inland Revenue and also continued funding of $26.5 million a year from Budget 2022 that was due to run out in June. 'Along with the $29 million per year that was allocated in Budget 24, this is a significant funding boost and is recognition of what we do and the excellent results we've had so far this year,' Inland Revenue commissioner Peter Mersi said. Mersi said the increased funding meant the majority of taxpayers who met their obligations could continue to be confident IR would find those who were not. He said IR was expected to return $4 for every dollar invested in the first year and $8 for every dollar from the second year. ADVERTISEMENT Cold coming, PM's press secretary scandal, science of sleep (Source: 1News) "This is in addition to increasing the return from last year's compliance funding boost by $8 from July 1. 'While we do that, IR also must maintain its base level of tax collection and debt reduction." The increased funding would be invested into new activities, Mersi said. These would include further increasing audits and debt collection in high risk/value areas, investigations into specific sectors such as property, organised crime, the hidden economy and trusts, as well as the improved use of data and intelligence to speed up the identification and targeting of discrepancies and pursuing debt. The process of collecting data from third parties such as banks would shift to an automated process from a manual approach, while more targeted compliance activity measures would be investigated. Additional staff would be hired for this work and systems and technology would be used in more effective ways, Mersi said. ADVERTISEMENT Increase investment will 'accelerate returns' - Watts Revenue Minister Simon Watts. (Source: Q+A/Irra Lee) On the increased funding in the Budget, Revenue Minister Simon Watts said hard-working Kiwis who paid their taxes were "being ripped off by tax cheats who deliberately evade their obligations". "New Zealand's tax debt rose to $8.5 billion by the end of 2024. At a time when the Government is carefully managing every dollar to fund the essential frontline services Kiwis rely on, it's essential we crack down on those who are not paying their share of tax." Watts said the increased investment would accelerate returns already being seen from the compliance funding in last year's Budget. "In the year to March 2025, Inland Revenue collected almost $3 billion of overdue debt and is on track to collect more than $4 billion by June 30."

Tiwai Point to ramp up production
Tiwai Point to ramp up production

Otago Daily Times

time2 days ago

  • Otago Daily Times

Tiwai Point to ramp up production

Meridian Energy's Manapōuri power station. PHOTO: MERIDIAN ENERGY The Tiwai Point aluminium smelter is ramping back up as hydro lakes further north have received more rain. Meridian Energy said in a statement yesterday that it and New Zealand Aluminium Smelters Limited (NZAS) had agreed NZAS would ramp up production from June 16 to bring the current demand response to an end early, targeting a completion date of August 11. It had been set at November 25 but will now end more than three months earlier than that. NZAS will notify Meridian if the target completion date changes. The demand response option in place is Option 4. This is normally 185MW but has been modified to 50MW. "New Zealand's hydro storage is looking much healthier than it was just a few weeks ago, so we are now confident regarding security of supply this winter. As a result, we want NZAS to get back to business," Meridian Energy chief executive Mike Roan said. "This is another example of how willing NZAS is to support New Zealand's electricity system while making some of the purest, renewable aluminium on the planet and we are hugely appreciative of that." Meridian will next have the ability to call for demand response Option 3 (100MW) or Option 4 (185MW) under the demand response agreement between the parties to take effect from April 12 next year. It will next be able to call demand response Option 1 (25MW) no sooner than 60 days after this ramp up finishes and Option 2 (50MW) no sooner than 90 days after this ramp up finishes. There had been concerns about hydro storage earlier this year. New Zealand's controlled hydro catchments — the main driver to keep the lights on during winter — had had the driest start to the year in 93 years of historic records, a statement from Transpower said in late April. But rain had arrived in the catchments of the hydro lakes and helped to fill them up. Hydro power supplies about 57% of the nation's electricity supply. Minister of Energy Simon Watts earlier announced changes to drawdown limits at Lake Manapōuri and Lake Te Anau. Mr Watts said the changes would deliver an extra 45GWh of energy from the Manapōuri Power Scheme each year — enough energy to power around 6000 homes. It was an important step in the government and the sector's work to protect the security of the country's energy supply for the future, Mr Watts said. — PL

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store