THE BIG PICTURE: Electricity and New Zealand's low-carbon future - December 2017 - Bell Gully
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
THE BIG PICTURE: Electricity and New Zealand’s low-carbon future December 2017 W W W. B E L L G U L LY. C O M
ELECTRICITY INDUSTRY REPORT Contents 1 Introduction 2 Strong in renewable generation 3 The key to the future 4 Are regulations fit for purpose? 5 Structuring the electricity industry 6 An opportunity to look forward 7 The law of unintended consequences 8 New technologies, new services 11 From climate change to renewable energy 12 Endnotes 13 Bell Gully’s Energy Practice 14 Bell Gully’s Energy team W W W. B E L L G U L LY. C O M
ELECTRICITY INDUSTRY REPORT
Introduction
AIM
A
n ambitious new target lies ahead in New Zealand is nearly complete. That
for the electricity industry. The new means increased short-to-medium term
Labour-led Government aims to opportunities for both business and
achieve 100% renewable energy by 20351 in a individuals to produce some of their daily
year of normal rainfall. It will charge the to-be- electricity needs to supplement their use
formed Climate Commission with planning of electricity from the national distribution
that transition2, which builds on the country’s system. Existing distribution networks may
100%
previous target of producing at least 90 per also be able to take advantage of large scale
cent of electricity from renewable sources by battery storage to augment the efficiency of
2025 in a year of average rainfall, providing their existing network. This potentially offsets
supply security is maintained3. the need to spend additional capital, and of electricity
But how realistic are these figures? Are they
may result in cost and efficiency savings for from renewable
achievable?
consumers. sources by 2035
These factors mean New Zealand is uniquely
It should be possible, at least, to get to 90
placed over the next 10 to 20 years to have
per cent. Political momentum favouring
nearly all of its electricity produced from
renewable energy is intersecting with the
renewable energy sources in a normal rainfall
increasing emergence of new technologies
year. New Zealand is in line to continue to build
such as the use of solar power and battery
on its reputation as having a world leading
storage. These technologies are becoming
electricity industry, an industry that in turn
economic. The roll-out of smart meters
may prove critical to assisting New Zealand
to achieve a low carbon future.
1 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
Strong in renewable generation
N
ew Zealand already has one of the Renewable electricity generation
highest shares of renewable energy in
the world, with almost 85 per cent of our
electricity generated from hydro, geothermal
or wind. There is potential to enhance this by
further harnessing New Zealand’s geothermal
resources and wind power. The New Zealand
Energy Outlook published by the Ministry
of Business, Innovation and Employment
predicts New Zealand will see significant 97%
investment in additional geothermal power Norway
stations over the next 30 years. That suggests
that by 2040 electricity produced from
geothermal energy will increase its share of 25%
New Zealand’s generation mix from 21 to 25
per cent, with hydro remaining around half 15% UK 25%
and intermittent generation from wind power United China
also increasing.
States
85%
New
17% Zealand
Australia
*Based on most recent published annual information.
2 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
The key to the future
A
low-carbon economy is a highly
desirable goal for New Zealand. It POLICY GOALS AND THE PRE-ELECTION MANIFESTO
would help to ensure New Zealand Labour’s election policy manifesto shows energy policies that are closely aligned with (and overlapping) its environmental policies.
remains an attractive place to live, work and Planning for what is termed ‘the clean energy revolution and the just transition to a sustainable low-emissions economy’ is at the heart
invest. A well-functioning renewables-based of this. Some of these policies have been confirmed in the agreements between parties that formed the Government.
electricity industry is not the only initiative
driving New Zealand towards becoming a The coalition agreement and supply and confidence agreement include plans to:
low carbon economy, but it is an important
• Request the new independent Climate Commission to plan the transition to 100 per cent renewable electricity by 2035 (which includes geothermal) in a
one. Others include: normal rainfall year.
• the strong emphasis by the new • Undertake a full review of retail electricity pricing.
Government on climate change policies • Ensure the government’s vehicle fleet where practicable, becomes emissions-free by 2025/26.
which will see New Zealand introduce
a Zero Carbon Act, with a target of net Labour’s pre-election manifesto says it will:
zero carbon emissions by 2050, • Ensure that at least 90 per cent of electricity being generated from renewable sources by 2025 with close to 100 per cent being renewably generated by
2040 (while recognising some geothermal backup may be necessary to meet peak seasonal demand, especially in dry years that affect hydro).
• incremental enhancements to
• Ensure a coherent plan to manage and maximise the benefits of disruptive energy technologies, and convening a cross-agency and cross-interest working
New Zealand’s Emissions Trading group to undertake a wide-ranging review of the electricity sector.
Scheme to incentivise all sectors of • Add climate change mitigation and emissions reduction to the objectives of the Electricity Authority, in order to promote an increased uptake of renewable
New Zealand’s economy (potentially electric and, as part of the cross-sector review, determine whether responsibility for an overarching transitional plan should be placed with the Electricity
including the agricultural sector) to Authority, as the regulator of the overall electricity system.
reduce carbon emissions, and • Ensure that assessment of any new generation plant or energy infrastructure includes all environmental costs involved.
• Reinstate a moratorium on any new fossil-fuelled baseload electricity generation until 2028.
• continued demand-side management of
energy usage through energy efficiency • Work in partnership with rural communities, distributors and generators to identify and promote opportunities for localised alternative sources of electricity
generation.
programs in the transport sector,
including by the switch to electric • Ensure that households and other distributed generators can be grid-connected at a fair rate, and sell surplus electricity back into the power grid at a fair
price (linked to the wholesale price).
vehicles, and in the industrial heat
• Investigate and develop new electricity system structures that can deal with higher proportions of variable renewable energy from sources such as wind and
sector, including converting coal-fired
solar power.
heating to natural gas and
• Work with the electric vehicle industry to encourage the uptake of electric vehicles and the provision of charging infrastructure.
electric heating.
• Promote energy efficiency initiatives, including through EECA.
Together, these initiatives will work towards
• Promote the use of smart grids and meters to empower consumers to best manage their electricity requirements.
a low-carbon economy.
• Promote clean industrial heat and a move away from the use of thermal coal.
• Encourage the use of biomass as a way of making industrial heat.
• Review the low user tariff to ensure it, or an alternative, addresses energy poverty.
3 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
Are regulations fit for purpose?
B
etween the vision and the reality of
a low carbon future stands a robust
ving
discussion. Do the current regulatory
h e th e r in achie
• w need
settings for the electricity industry remain fit
h is, a ny changes
for purpose as new technologies emerge? Or t rrent
a de to cu
timal role
are new regulations needed to enhance the to b e m
• the op y industr
y
use and take-up of new technologies which lectricity electricit
for the e aking ents, or a
ny
will play a significant role in a low-carbon ory and m arrangem
• regulat ues sector in ition consiste
ncies
economy, while preserving the essential
equity is
s ns policy in
om the a just tra rbon e wider
across th
functioning of an industry vital to the nation’s
arising fr ca
economic health?
f the new to a low- y addres
sed
impact o m y econom
During the election Labour proposed the gies econo
development of a coherent plan to manage and technolo
maximise the benefits of the transformation
that disruptive energy technologies will bring.
Labour proposed a cross-agency and cross-
interest working group to undertake a wide
Electricity Authority consultation on
ility
responsib
ranging review of the electricity sector and
ether mass participation
address issues including: •w h
erarching
for an ov
Any such review would dovetail well with
should
nal plan the recent consultation undertaken by the
transitio e
iers that d with th Electricity Authority on whether the current
• any barr be place o r ity,
exist to y Au th regulatory settings for the electricity industry
currently Electricit f
g energy gulator o
remain fit for purpose. Is the electricity
improvin as the re ric ity industry responding to the opportunities
ity ll elect
productiv the overa created by new technologies and business
system models, and in turn the possibility of increased
competition? The Electricity Authority calls
the new development “mass participation” in
the electricity market and expects it to result
in a change to the decades-old electricity
supply model with large scale and specialised
electricity businesses.
4 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
Structuring the electricity industry
I
ndustry’s strong interest in the potential for network monopoly services and contestable parties accessing New Zealand’s electricity
reform is reflected in the 39 submissions services as a hurdle in favour of network networks. An overview of the project can
received during the “enabling mass distribution companies, while an alternative be found here.
participation” consultation. Electricity view was put forward by network distribution
A review of retail pricing
companies, major users and other interested companies, who see themselves as legitimate
stakeholders put significant effort into participants in emerging contestable markets. The coalition agreement between Labour
providing their submissions. That’s no Other submissions included the need for and the New Zealand First Party commits
surprise. Significant structural issues are at the Electricity Authority and the Commerce the Government to a review of retail pricing
stake, including: Commission to work together to ensure a in the electricity sector. HE S
DG ER
ET
consistent regulatory framework for the
ING
TM
• whether the distribution companies A combined review SM
AR
industry to support a ‘level playing field’
should be able to participate in
and access to the network support markets. We believe it would make sense to link this
technology such as offering solar power
Participants also highlighted the desirability to the results of the Electricity Authority’s
and battery storage, without ring-
of a process of consumer authorisation for consultation on mass participation and
fencing this consumer-facing business releasing smart meter data to third parties. any potential cross sector review, rather
from their core electricity distribution Details can be accessed here. than having separate reviews. These are LINE NETWORKS
network business, complex issues and they tend to interrelate.
The drive to ensure future-fit regulation is DISTRIBUTION GENERATION
• the potential for the introduction of It is desirable to have a single, holistic review,
ongoing. The Electricity Authority is currently
further liquidity into the wholesale framed around what is needed to deliver a
consulting on the significance of barriers to
world-leading industry, with the best interests
electricity hedge market, ‘multiple trading relationships’, hurdles that
of business and retail consumers at its heart.
hinder consumers’ ability to use electricity or
• whether a ‘level-playing field’ exists
electricity services provided by more than one
to best enable the take-up of new
party at the same time, at the same location.
technology, and
That consultation is open until 5pm on 27
• the basis on which customer data can February 2018. The consultation paper and
be accessed by industry participants. submission form can be accessed here.
In November, the Electricity Authority Following its consultation on enabling mass
released its summary of submissions and participation in the electricity industry, the
revised work plan. A number of themes Electricity Authority has also recently put in
emerged. One was the need for a ‘level place a new ‘equal access framework’ project
playing field’ for entry into, and participation through which it seeks to ensure current
in, the electricity industry. Some submitters open access arrangements to facilitate
highlighted the current division between equal access and provide confidence to
5 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
An opportunity to look forward
T
he current structure of the electricity In this time, we have seen the corporatisation Bradford reforms), the introduction of price The Electricity Authority and many of the
industry has served New Zealand well of the local power boards, the separation and quality regulation of non-community submitters agree it is time to review the
for the last 30 years. The International and corporatisation of the Electricity owned line network companies, the structure of the industry to account for the
Energy Agency’s 2017 review of New Zealand’s Corporation of New Zealand (ECNZ) into enactment of the Electricity Industry Act in benefits and potential new challenges of new
energy policies stated that “New Zealand is a the now majority state owned generator 2010 (which liberalised the Bradford reforms technologies. Many also agree the review must
world leading example of a well-functioning retailers, the establishment of the wholesale to a significant extent) and the development encompass whether the industry structure
electricity market which continues to work electricity market, the split of generation and of the industry rulebook in the form of the remains fit-for-purpose.
effectively”. retail from lines networks (known as the Electricity Industry Participation Code 2010.
1993 1996 1998-1999 2010
• Electricity Act • Establishment • Bradford reforms = split • Enactment of Electricity
1992 enacted of wholesale of generation / retail Act 2010
electricity market from lines companies • Development of industry
rule book - Electricity
Participants Code
1987 1994-1999 2008
• Corporatisation of ECNZ • Separation of ECNZ into generator retailers: • Introduction of price, quality
Meridian, Contact, Mercury, Genesis regulation of non-community
owned line network companies
6 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
The law of unintended consequences
NEXT 20 YEARS
T
he Government, the Electricity Changes will require detailed economic,
Authority and the industry need to regulatory, commercial and policy review.
determine the optimal structure to
New regulatory settings will also need to
take the sector forward for the next 20 plus
address the blurring of the traditional divide
years. The industry is complex, yet there are
between monopoly network services and
justifiable reasons for this complexity. Billions
generation/retail activities. For example, a
of dollars of investment has been made by
battery can be embedded on a distribution
stakeholders. There is a physical component
network to improve network resilience, but
which requires the supply of available
also to provide peak supply. Regulations will
generation and demand for electricity
need to ensure a level playing field between
usage to be in constant balance. Security of
market participants, allow for competition for
supply remains critical and New Zealand must
the provision of such services where possible
retain backup of gas-fired peaking plants
and drive efficient investment.
to ensure New Zealanders have a secure
supply of electricity in periods of low rainfall The starting point for any review should be
affecting hydro lakes. New technologies the best interests of business and household
have the potential to significantly change consumers. Consumers must continue to have
the way electricity is supplied, transmitted security of supply at a reasonable price, as
and consumed in New Zealand. well as access to the new technologies and
services that are and will become available in
If any change to the industry and its current
the industry. Coupled with this, the regulatory
structure is proposed, it will be important
settings should allow any investor who wishes
to keep in mind the law of unintended
to provide new technology the ability to do
consequences. Any change to the industry
so without any structural impediment: a level
will need to be carefully examined so that
playing field. Ideally, a combined Government
any changes don’t unintentionally restrict
and Electricity Authority review would also
the positive growth and development of
examine whether any simplification can be
the industry in the interests of consumers.
made to the industry.
7 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
New technologies, new services
T
here is good potential to also utilise new The stated goal is a responsive and future- Maintaining security of supply
technology such as solar, bio energy focused electricity industry taking advantage
and marine energy for future renewable of new technology opportunities and Targets for renewable energy must be
electricity generation sources and direct heat welcoming new investors. It wants the set against the need to retain security of
production. The current New Zealand Energy electricity system to take advantage of electricity supply. This is critical to the life
Strategy 2011 – 2021 (NZES) recognises that new smart technologies to promote energy blood of the economy and the functioning
New Zealand is in a good position to trial, conservation to consumers and to improve of households. The sector needs to maintain
develop and integrate new technologies and energy efficiency. The availability of a number strong use of gas-fired generation in the mix,
be at the forefront of potentially far reaching of new and innovative offerings in solar in particular through peaking plants which
electricity system development in the 21st power and battery storage to consumers in can be brought on to the electricity system
century. New Zealand, as set out in this section, show quickly in times of low rainfall into the hydro
the sector’s readiness to step forward. lakes.
8 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
New technologies, new services
Solar powered
Smart technologies systems
N
ew technologies have the potential There has been a rapid emergence to the market of smart technologies As solar power systems have become
to change fundamental aspects of aimed at helping consumers better manage their energy usage and increasingly affordable, a wide range of solar
New Zealand’s electricity industry. efficiency. StorEdge™ and SolarEdge are two of the ‘Smart Monitoring’ panel providers have emerged including
They will offer consumers many new options systems provided by Harrisons Energy Solutions, which provide Solar King, Vector, PowerSmart, solarcity
for generating and storing energy for their users with real-time alerts about system performance via a cloud- and Harrisons Energy. They offer a variety
homes and businesses, and choices over based monitoring system4. Genesis Energy has recently announced of deals which range from full installation
how and when they buy their power. They its ‘Genesis Energy Mobile App’ which allows its customers to view and ownership (with some companies such
have the potential to allow consumers to sell a breakdown of their power usage, compare their usage to similar as Vector also providing mechanisms for
electricity back to the grid directly or through households and allows them to obtain estimates of future power consumers to spread purchase costs over
peer-to-peer buying and selling platforms. bills5. Mercury is providing ‘plugged-in’ electric vehicle owners who time), to supply only packages for self-
Battery storage may allow energy generated are also their residential customers with a fuel package that enables installation. Meridian offers a solar buyback
from solar power during the day to be stored them to save 20 per cent when they charge their car overnight6. rate for excess energy that members
for night time use, which in turn offers line Meridian offers electric vehicle owners low overnight charging rates generate9 while Contact offers customers
network owners support for grid availability and free charging stations7. Australian energy retailer Origin Energy a distributed generation meter if their local
and reliability without the spending usually has also recently announced a “sales trial” of its smart home kit, Network company approves a connection,
required to provide that support. A number of Home HQ, which seeks to help provide consumers with greater with the opportunity to sell excess energy
New Zealand’s leading energy companies are visibility over their energy consumption. Using the Home HQ mobile back to Contact10. Some solar providers offer
trialling solar and battery storage initiatives. app, consumers will be able to control smart devices remotely, long-term service agreements to consumers
including checking if appliances are switched on or off or setting for the provision of solar energy systems and
alerts for when motion is undetected in a household8. Coupled with services.
developing energy storage solutions, the introduction and uptake
of smart technologies will allow consumers to use energy more
efficiently, maximise self-consumption and will have the capacity
to transform energy use.
9 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
New technologies, new services
Peer-to-peer Solar services:
Batteries platforms a case study
Batteries allow consumers to use energy when and how they want to, Peer-to-peer platforms enable households and Solarcity’s solarZero® enables consumers to
maximising savings on power bills. Rather than sending electricity back businesses to directly trade power from solar power 100 per cent of their home’s electricity
to the grid and receiving a low cost per kilowatt hour (kWh), consumers panels and battery storage with one another. A needs without buying a solar power system.
can store surplus electricity generated during the day and use it to power domestic example is P2 Power, a peer-to-peer Consumers pay a fixed, monthly fee for a
their homes during the evening or when their solar power system can’t energy provider service through SolarShare™, 20-year period that provides them with
meet demand. Most solar power installers also offer battery installation. available to consumers connected to the solar power and energy efficient services.
Solar storage batteries currently available in New Zealand include the Vector network. P2 Power enables local buyers The solarZero® buyback guarantee ensures
sonnenBatterie, the LG Chem RESU, the Tesla Powerwall, the SolaXBox to directly purchase excess power from others the rate consumers pay to buy energy off the
and the Enphase AC battery11. Vector is a New Zealand stockist of the in their community through a service which grid (not including network charges or GST)
Tesla Powerwall 2 Battery, which has the capacity to power an average matches buyers and sellers every half hour. matches what they get paid for any surplus
two-bedroom home for a full day and can be used as a backup power Traditional grid power is only used when there solar energy generated by their solar system
source for some appliances in homes or small businesses12. is not enough local power to meet consumer that is fed back into the grid.
demand. During summer P2 Power has also
The improving capabilities and falling costs of batteries means it will
guaranteed to buyers that at least 7 per cent of
become more feasible for consumers to self supply their electricity needs,
their power usage will be charged at the then-
and for other parties to provide aspects of the network service. Batteries
prevailing ‘P2P’ rate15. Australian blockchain
can be used to provide network support by discharging generated
energy technology firm Power Ledger has also
electricity into the network at times of high demand. Importantly,
recently completed its trial of its peer-to-peer
control of the battery in this instance does not need to rest with the
trading platform with Vector in New Zealand16.
distributor. Anyone can own and control a battery that is being used
to help support network reliability13. These sorts of models reflect the
fundamental change in the industry the Electricity Authority has recently
highlighted in its 28 November 2017 Consultation Paper ‘Multiple Trading
Relationships’. That says there is a move to a more dispersed model that
is driven by technology and new business models, and which challenges
the assumption that consumers want or need a single retailer14.
10 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
From climate change to renewable energy
T
he renewable energy target the industry The policy establishing this target starts at Energy Strategy. The 90 per cent renewable Emissions Trading Scheme, which incentivises
must work towards is inextricably the international level, with New Zealand’s energy target is included in this as well industries to reduce carbon emissions. This
linked to New Zealand’s response to ratification of the Paris Agreement on as the New Zealand Energy Efficiency may soon be allied with a Zero Carbon Act,
climate change. climate change. Nationally, the Government’s and Conservation Strategy 2017-2022. setting a target of net zero carbon emissions
overarching energy policy is the New Zealand Complementing these policy objectives is the by 2050, with associated mechanisms to
achieve this target.
INTERNATIONAL NATIONAL
THE UNITED New Zealand ENERGY
NATIONS EFFICIENCY AND
FRAMEWORK CONSERVATION STRATEGY
CONVENTION ON 2017-2022
CLIMATE CHANGE
ELECTRICITY
Innovative and efficient use of
electricity
TARGET
90% electricity will be generated
NEW ZEALAND ENERGY New Zealand EMISSIONS
THE KYOTO PROTOCOL from renewable sources by 2025
STRATEGY 2011-2021 TRADING SCHEME
(ratified December 2002)
(NZES) (NZETS)
TRANSPORT
Efficient and low-emissions
TARGET
Electric vehicles make up 2% of
the vehicle fleet by the end of 2021
THE PARIS AGREEMENT ENERGY EFFICIENCY
(ratified 4 October 2016, AND CONSERVATION ACT PROCESS HEAT
taking effect from 2020) 2000 Renewable and efficient use
TARGET
Decrease in industrial emissions
intensity of at least 1% per annum
on average between 2017-2022
11 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
Endnotes
1 National Statement from New Zealand to 23rd Conference of the Parties to the UNFCCC (17 November 2017)
https://www.beehive.govt.nz/speech/national-statement-new-zealand-23rd-conference-parties-unfccc
2 Confidence and Supply agreement between New Zealand Labour Party and the Green Party of Aotearoa New Zealand (24 October 2017)
https://d3n8a8pro7vhmx.cloudfront.net/nzlabour/pages/8637/attachments/original/1508818771/NZLP___GP_C_S_Agreement.pdf?1508818771
3 New Zealand Energy Strategy 2011–2021, page 25 (30 August 2011)
https://www.mbie.govt.nz/info-services/sectors-industries/energy/documents-image-library/nz-energy-strategy-lr.pdf
4 https://www.harrisonsenergy.co.nz/solar/smart-monitoring
5 https://www.genesisenergy.co.nz/app
6 https://www.mercury.co.nz/Products/electric-vehicles
7 https://www.meridianenergy.co.nz/your-home/sustainability/electric-cars-vehicles
8 https://originhomehq.com.au/
9 https://www.meridianenergy.co.nz/your-home/pricing-and-rates/solar-buy-back-rate
10 https://contact.co.nz/residential/electricity/electricity/alternative-energy
11 https://www.mysolarquotes.co.nz/about-solar-power/residential/solar-battery-storage---product-comparison/
12 https://www.vector.co.nz/personal/batteries
13 ‘Enabling mass participation in the electricity market: How can we promote innovation and participation?’ Electricity Authority Consultation Paper (30 May 17)
https://www.ea.govt.nz/development/work-programme/evolving-tech-business/enabling-mass-participation/
14 ‘Multiple Trading relations: How can consumers choose multiple electricity providers?’ Electricity Authority Consultation Paper (28 November 2017)
https://www.ea.govt.nz/development/work-programme/evolving-tech-business/multiple-trading-relationships/consultations/#c16922
15 https://p2power.co.nz/#pricing
16 https://renewablesnow.com/news/interview-power-ledger-sees-infinite-opportunities-for-blockchain-enabled-energy-trading-590633/
12 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
Bell Gully’s Energy Practice
Bell Gully has been an active advisor to the New Zealand. Our energy team is consistently • The market-leading corporate team • A property team with full
energy sector over the last 30 years. During recognised in the top tier by leading legal undertaking M&A and other corporate environmental, resource management,
this time, Bell Gully has worked on some of directories. We have a detailed knowledge and commercial transactions for a land purchase, sale and access and
the most significant projects and transactions and understanding of the energy sector and wide range of industry participants, construction capability.
in New Zealand’s energy sector. Our energy the legal issues that are relevant to it. and providing market-leading advice
practice comprises lawyers with specialist on energy projects and overseas • A litigation team with extensive
The energy team works closely with our
expertise in corporate, commercial, litigation, investment issues. experience in energy sector disputes,
climate change experts.
regulatory, and environmental matters. and a proven ability to win complex and
This group of lawyers acts for electricity Our team incorporates: • Particular expertise and experience high profile cases.
generators, retailers and line network in regulatory work, investigations and
• Specialist energy sector expertise, prosecutions in the energy sector, • A leading tax team.
companies, a number of major industry
transactional and advisory experience including high hazard industries.
participants in the oil and gas transmission • Recognised climate change experts.
based on extensive work in the sector
and upstream mining sectors, and for large
industrial market participants operating in over many years.
13 | ELECTRICITY INDUSTRY REPORTELECTRICITY INDUSTRY REPORT
Bell Gully’s Energy team
If you have any questions about this report, please contact the author:
Garry Downs
PARTNER
DDI +64 9 916 8932 MOB +64 21 761 601
garry.downs@bellgully.com
For further information, please contact our Energy team or your usual Bell Gully adviser:
Andrew Beatson Chris Gordon David McPherson
PARTNER PARTNER AND CHAIR PARTNER
DDI +64 9 916 8754 MOB +64 21 223 9170 DDI +64 4 915 6836 MOB +64 21 614 522 DDI +64 9 916 8988 MOB +64 21 621 623
andrew.beatson@bellgully.com chris.gordon@bellgully.com david.mcpherson@bellgully.com
David Coull Angela Harford Amon Nunns
PARTNER SENIOR ASSOCIATE PARTNER
DDI +64 4 915 6863 MOB +64 21 800 308 DDI +64 4 915 6764 MOB +64 21 875 905 DDI +64 4 915 6741 MOB +64 21 687 368
david.coull@bellgully.com angela.harford@bellgully.com amon.nunns@bellgully.com
Natasha Garvan Jane Holland Glenn Shewan
SENIOR ASSOCIATE PARTNER SENIOR ASSOCIATE
DDI +64 9 916 8956 MOB +64 27 420 0561 DDI +64 9 916 8983 MOB +64 21 706 129 DDI +64 9 916 8726 MOB +64 21 828 926
natasha.garvan@bellgully.com jane.holland@bellgully.com glenn.shewan@bellgully.com
14 | ELECTRICITY INDUSTRY REPORTAUCKL A ND W E L L I N GTO N Disclaimer: This publication is necessarily
VERO CENTRE A N Z C E N TR E brief and general in nature. You should seek
48 SHORTLA N D ST R EET 1 7 1 F E ATH E R STO N STR E E T professional advice before taking any further
N EW ZEALA N D NEW ZEALAND action in relation to the matters dealt with
in this publication. The views expressed are
our own. No client views are represented in
this publication.
All rights reserved © Bell Gully 2017
W W W. B E L L G U L LY. C O MYou can also read
