1 00:00:00,240 --> 00:00:02,800 Speaker 1: She was a chilly weekend, wasn't she? Even in Auckland 2 00:00:02,920 --> 00:00:05,360 Speaker 1: it was five degrees. We had the heat pump cranking 3 00:00:05,480 --> 00:00:08,520 Speaker 1: the entire weekend. I spoke to a friend of Marlborough 4 00:00:08,600 --> 00:00:10,360 Speaker 1: last night who had the fire going all week and 5 00:00:10,640 --> 00:00:13,920 Speaker 1: they actually had a proper frost. It's right now you 6 00:00:14,000 --> 00:00:16,040 Speaker 1: start thinking, though, isn't it? How much is all this 7 00:00:16,160 --> 00:00:18,120 Speaker 1: going to cost? Me? And the answer, because I checked 8 00:00:18,120 --> 00:00:21,200 Speaker 1: this morning the power bill, the answer was for May 9 00:00:21,280 --> 00:00:23,680 Speaker 1: two hundred and fifty dollars for a house of two 10 00:00:23,720 --> 00:00:28,120 Speaker 1: people one dog. Already we've spent seventy dollars for June, 11 00:00:28,400 --> 00:00:30,639 Speaker 1: which what are we the ninth of June At the moment. 12 00:00:31,400 --> 00:00:33,080 Speaker 1: This is one of the few bills that I actually 13 00:00:33,080 --> 00:00:34,840 Speaker 1: pay in our household, so it's one of the few 14 00:00:34,880 --> 00:00:37,920 Speaker 1: that I really notice. It's not going through the roof 15 00:00:38,320 --> 00:00:41,239 Speaker 1: tracking roughly the same as last year. And disclaimer for 16 00:00:41,280 --> 00:00:44,040 Speaker 1: those of you thinking this is an outrageous amount, our 17 00:00:44,080 --> 00:00:48,520 Speaker 1: place is old and cold, pretty poorly ventilated, and basically 18 00:00:48,520 --> 00:00:50,720 Speaker 1: you need either aircorn in the summer on all the 19 00:00:50,720 --> 00:00:53,440 Speaker 1: time or heat in the winter. There is good news 20 00:00:53,520 --> 00:00:56,160 Speaker 1: on the energy front though for twenty twenty five, not 21 00:00:56,280 --> 00:00:59,880 Speaker 1: that it directly affects us ALL more than big industrial users, 22 00:01:00,080 --> 00:01:03,640 Speaker 1: but by virtue of that us All Forsythe bar released 23 00:01:03,640 --> 00:01:06,800 Speaker 1: an energy note on Friday. They reckon we'll avoid another 24 00:01:06,840 --> 00:01:10,200 Speaker 1: big energy crunch this winter, but we will return to 25 00:01:10,280 --> 00:01:13,880 Speaker 1: one in twenty twenty six. So no blackouts for twenty 26 00:01:13,920 --> 00:01:16,520 Speaker 1: twenty five, which is good. The reason we've avoided this 27 00:01:16,600 --> 00:01:19,480 Speaker 1: is because the electricity producers did to deal with methodex 28 00:01:19,680 --> 00:01:22,160 Speaker 1: and we've had rain, so the hydrolinks have been given 29 00:01:22,160 --> 00:01:25,200 Speaker 1: a top up. To avoid future blackouts, we'll need to 30 00:01:25,240 --> 00:01:28,440 Speaker 1: cut industrial demand, which is not great for business, and 31 00:01:28,600 --> 00:01:32,120 Speaker 1: burn more coal, and that brings us to gas, a 32 00:01:32,160 --> 00:01:36,039 Speaker 1: shortage of which caused last year's energy price crunch. Forsyth 33 00:01:36,080 --> 00:01:40,080 Speaker 1: Bar reckons the government's push for gas is actually unlikely 34 00:01:40,360 --> 00:01:43,800 Speaker 1: to solve our problems. It takes two to three years 35 00:01:43,800 --> 00:01:45,920 Speaker 1: to get a gas field up and running. First, you 36 00:01:46,000 --> 00:01:49,200 Speaker 1: have to find it right now, nobody's even looking. No 37 00:01:49,400 --> 00:01:52,600 Speaker 1: gas fields are being explored. By the time you get 38 00:01:52,720 --> 00:01:56,960 Speaker 1: gas out of the government's two hundred million dollar budget 39 00:01:57,160 --> 00:02:01,680 Speaker 1: buy in, the energy shortages will likely have past. It's 40 00:02:01,720 --> 00:02:04,160 Speaker 1: one thing to let the producers go it alone and 41 00:02:04,280 --> 00:02:07,360 Speaker 1: risk their investment in capital. It's another to put our 42 00:02:07,440 --> 00:02:10,360 Speaker 1: money on the line to develop these fields. There's a 43 00:02:10,400 --> 00:02:14,360 Speaker 1: genuine question about whether this is smart investment in our future, 44 00:02:14,919 --> 00:02:19,079 Speaker 1: or if taxpayer money is being wasted here, a bit 45 00:02:19,200 --> 00:02:22,880 Speaker 1: like the heat escaping from my old house. For more 46 00:02:22,919 --> 00:02:26,040 Speaker 1: from Early Edition with Ryan Bridge, listen live to News 47 00:02:26,080 --> 00:02:29,079 Speaker 1: Talks at B from five am weekdays, or follow the 48 00:02:29,120 --> 00:02:30,600 Speaker 1: podcast on iHeartRadio.