New energy sector model for New Zealand
The energy sector is taking the lead in developing a model for its own future.
The BusinessNZ Energy Council (BEC) and public and private partners have commissioned a comprehensive model of New
Zealand’s entire energy sector.
BEC Chair David Caygill says the energy sector is critically important to New Zealand, and decisions for the future
should be based on the best available information and analysis.
"The new model will help industry participants, regulators and Government clarify our challenges and opportunities as we
grapple with important issues such as the end of oil and gas exploration, the electricity sector review, renewable
targets, and new technologies and consumer preferences," David Caygill said.
"It will let us develop long-term scenarios about how the sector might evolve and will let us explore the complex
interactions between the power, transport and industrial elements of the sector in New Zealand.
"Its use across the public and private sectors will also help us reach common understandings and achieve a more
transparent and mature conversation about modelling output."
The model is being developed by the Paul Scherrer Institute, Switzerland’s largest federally funded research institute,
and modeller for the World Energy Council’s scenarios.
Auckland University, through the Business School’s Energy Centre, will host and maintain the model to provide insights
to those working in academia and research fields. It will also be accessible on commercial terms to those who wish to
use it.
ENDS