Sep 10, 2024
Newsroom
Newsroom: Power market is ugly and asymmetrical

Mike Casey lays out Rewiring Aotearoa's argument for a regulatory change that would allow customers with solar and batteries to compete fairly with large generators, something we call symmetrical export tariffs. It's important to note that these are not subsidies or rebates. "They simply ensure customers get a true reflection of the value they provide to the electricity market. They are no more a rebate than the half-hourly prices in the wholesale market, paid to generators for their output ... The current pricing structure is compromising New Zealand’s delivery of a secure and affordable power system; it fails to recognise that peak demand could be reduced with the help of household batteries; it perpetuates the idea that we need to spend tens of billions to upgrade our poles and wires to cope with that peak demand; and it is stifling demand for solar and batteries among New Zealanders because their true value is not being accurately reflected in the price paid for export."

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