Energy and Resources

New Zealand First is committed to ensuring that our energy sector is sustainable because our environment and decarbonisation must be at the forefront of our country’s thinking. Businesses that operate within the sector must be given surety. This includes consumers of energy. Long term planning is required across diverse sectors and industry to ensure energy and electricity costs do not increase for all users. It would be disingenuous of New Zealand to simply move the problem of carbon offshore. 

Policy:

  • Promote policies that actively move New Zealand towards energy sovereignty
  • Investigate a hedge market structure to encourage a greater number of genuinely independent retail operators in the New Zealand retail electricity market
  • Remove the Electricity Authority and give their operations to the Commerce Commission. Ensuring that high electricity users are given confidence in pricing. Ensuring that commercial and regional New Zealand are not paying more for their electricity than they should be
  • Conduct a national review on our natural resources, exploring their full potential and what can be done with them
  • Explore the option of including hydro generation within the new water storage schemes that are being developed and implemented in our regions
  • Continue to support and encourage options of including hydrogen as a domestic and exportable fuel source with a focus on green hydrogen
  • Investigate other potential storage options for ensuring electricity supply security in a 100% renewable electricity system
  • Set an aspirational goal of achieving 100% renewable electricity by 2035. Whilst acknowledging the exponential marginal cost as we move closer to 100%
  • Continue to draw natural gas from New Zealand gas fields both existing and new. New Zealand must not lock out the opportunity that is presented in the Great South Basin or Canterbury Basin, as they provide surety for future gas options in New Zealand
  • Continue to support domestic electricity generation policies such as “net metering” and provide incentives for household solar panels and generators
  • The retention of Tiwai will require government involvement to set out the facts as to why the smelter should be able to continue with its world leading production and the retention of thousands of jobs in Southland and its more than $450 million contribution to the New Zealand economy