WHAT TODD WANTS FOR A NEW GAS PEAKER I also received a solicited statement from Babu Bahirathan, the Todd Corporation chief executive officer of downstream energy and Nova Energy, in respect of the importance of gas peaker power stations, which Todd has specialised in building. These plants are rapid start high-revving turbines which can brought online within 10 minutes to pump electrons into the national grid to prevent blackouts when the country’s baseload generators can’t deliver enough; they only run for about 30 minute bursts, selling power to the grid for a very high price. The grid operator Transpower says further gas peakers are urgently needed. Todd has two peakers at New Plymouth (Junction Rd and inland Urenui. It also in 2017 gained a 10 year consent to build a 360Mw peaker (six x 60Mw turbines) at Otorohanga (Kawhia Rd) at an estimated cost of $350 million. This was put on hold after Labour’s Jacinda Ardern and Megan Woods began funding investigations into the Lake Onslow pumped hydro dry year security storage option to give NZ 100% renewable energy, because it would make peakers uneconomic. That has since been axed by the current government. Here’s Babu’s statement to me: “Nova Energy has resource consents that allow it to build up to 360 MW of fast start, gas fired generation (Peakers). “Todd is aware that the energy sector supports the development of new Peakers to replace ageing and retiring units and Todd concurs with Transpower, Boston Consulting Group and other stakeholders who have concluded that additional Peakers will be required in the future to maintain secure and reliable electricity supply in New Zealand. “However, a minimum of at least 10 years contracted flexible gas supply is required to build a business case for investment. Given there is still no certainty around future contracts or the future supply of gas to supply additional Peakers, there is no business case. Government underwrite or other intervention will inevitably be needed to enable this much-needed investment to occur within the timeframe required.” The Otorohanga consent currently expires in 2027. I’ve been reliably informed that it would require government legislation to guarantee such a gas supply contract.
I think we’d be better off with distributed residential battery systems. Addresses the problem as well as contributing to reducing peak power costs and improving resilience.
Principal Process Engineer
7moPeakers dont “pump gas into the national grid”.