The latest report from Transpower regarding Te Mauri Hiko – Energy Futures makes for interesting reading. You can download the full report here.
As New Zealand persues the most cost efficient and sustainable ways of producing and storing energy it is expected that electricity demand will DOUBLE by 2050.
In fact – energy demand is expected to rise 25 percent in 2016 to 61 percent in 2050.
Traditional methods of producing and storing electricity, and the use of fossil fuels which we have so heavily relied on for many years, will no longer be sustainable nor reliable options. As the world focuses on the pressing challenge of limiting the
emission of greenhouse gases, New Zealand will turn to renewable energy sources for the production
of electricity. Mass change is coming our way.
New Zealand has the extremely advantageous ability to generate clean and renewable energy,
thanks to the abundance of renewable energy sources our country boasts. Aforementioned new
demand will be met by the generation of primarily of solar, wind and geothermal power in addition to
some hydro.
As New Zealanders continue to search for the most cost effective means of energy production and
consumption, it will become apparent that a renewable future is the most affordable. New
technologies, including solar photovoltaics will decrease in price, allowing them to become a more
realistic option for many Kiwi families.
New Zealand will shortly find itself amongst a global energy transformation surrounded by new
technologies that will allow for the storage of energy in ways that have previously been impossible.
Now is the time to prepare for the changes we know are coming out way in the very near future.
Installing solar now will allow the household to generate returns by reducing their power bills and
help the country meet these new demand targets. Participating in the new economy will likely reap
benefits for the early adopters.
