Levy of $13 million to fund electricity efficiency programmes
The Energy Efficiency and Conservation Authority will deliver its energy efficiency programmes in 2012/2013 with up to $13 million from the electricity levy, the same funding cap as in 2011/2012.
Programmes funded through the electricity levy will focus on reducing electricity use mainly in the business sector.
Businesses use around 70% of New Zealand's total electricity and there are significant opportunities for the private sector to use less energy while producing the same output.
The residential sector will also benefit, through lighting improvements.
Opportunities are available through the use of current technologies, and behaviour change.
Improved business energy efficiency means greater productivity for firms through reduced costs - indirectly this keeps downward pressure on electricity prices, so everyone benefits.
In the coming year the levy funding will be used to target electricity savings in the following areas:
- Lighting products and systems
- Commercial buildings, particularly heating, ventilation, air-conditioning and cooling
- Industrial motors and motor systems.
The electricity efficiency programmes will involve information, capability-building, and financial incentives that result in low-cost electricity savings.
Energy efficiency initiatives undertaken by EECA that use levy funding provide a better economic return than investment in new generation.