You're listening to a shares These podcast, Perhaps if you can give us an idea of what you think the demand is for electricity, I mean the likes of data centers and you know, worldwide, not.
Just New Zealand. You know, it just seems like we need more and more.
But what sort of stats can you offer for that?
Yeah, so the global picture is quite interesting. So globally we've traditionally grown energy electricity demand by about two and a half percent per annum, but over the past year that's really tipped up, so it's almost double that in
a year. AI. It's a combination of a few things, so AI is definitely a driver, but also the cost of solar and the access to that, particularly in emerging economies, has driven you know, rapid electrification in India, and then China is going gangbusters electrifying and you know, is really an electro state now and a real pioneer of you know, rapid deployment of renewables. And also they manufacture so much of the of the products that go across the electricity
supply chain as well. So the global picture for electricity is growth. The New Zealand picture is more complicated. So you know, most listeners will have been aware that over the past year we've had significant struggles in terms of security of supply. But on top of that, we've had really high prices since really about twenty eighteen they kicked up, and as a result of that, you know, we've had
quite flat demand. So and even last year it declined because we were asking large consumers to curtail their usage. But I think we should be more optimistic about the about what future the future, and you know that if we can build enough generation to service the demand, then you know, there we should be realizing a significant increase in it. So we already know that there there's you know, between half a gig and a gig depends who you talk to. With the data centers sitting there to be
built before twenty thirty, so that's pretty soon. So when you think if we've got that much data center load, then in terms of the new renewables to match off, we need you know, if it's GUO, they're all an exact match, but if it's wind and solar, then we need about you know, four times the capacity of whatever's coming on to be built. So there's the opportunity to realize those that growth from data centers. We will continue to get some increase from the residential space, and that
will be driven by the rate of house builds. So we see, you know, every house that gets built that will edge consumption and the rate at which they electrified their transport. So yeah, if you buy an EV that will add kind of twenty to thirty percent more consumption onto your household. So I think if we get the clean car discount back that ages. Yeah, we saw that
that when that discount was in place. We did see the rapid more rapid adoption of vb's, but that's really plateaus recently, and I think also the economic climate impacts that. And the other thing is we're also saying that many households are quite cost constraint conscious, so actual residential consumption on averages is pretty flat, but it's that new build that's adding to the system as well. Investing involves the risk you might lose the money you start with. We
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