Renewable energy targets and the take-up of new technologies mean it is the right time to review the regulatory settings for the electricity sector, according to a new report by law firm Bell Gully.
A balance will need to be found so that any regulatory changes deliver a level playing field that ensures there are no structural impediments to new industry investment, but incumbents are not unfairly penalised.
The Big Picture: Electricity and New Zealand's Low Carbon Future provides an analysis of the changes that lie ahead for the electricity industry. The new Labour-led Government aims to achieve 100 per cent renewable energy by 2035, in a year of normal rainfall. It will charge the to-be-formed Climate Commission with planning that transition, which builds on the country's previous target of producing at least 90 per cent of electricity from renewable sources by 2025 in a year of average rainfall, providing supply security is maintained.
Read more about what this means for the sector here.
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