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New Zealand energy report

New Zealand energy report
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Format
3 files (PDF report, 2 Excel files)
Pages
54 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).

Price
1 190 €

Overview

New Zealand pursues ambitious climate goals, targeting carbon neutrality by 2050 with strong renewable energy expansion, including a 90% renewable electricity share. Key policies include emissions reduction plans, offshore exploration reinstatement, and sector-specific decarbonisation measures, supported by regulatory bodies and market reforms.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • The country targets a 90% share of renewables in the electricity mix in 2025 and a 51-55% reduction in GHG emissions in 2035.
  • The country aims to become carbon neutral by 2050.
  • Offshore exploration was reauthorised in 2025.
  • Four companies account for around 80% of the power generation: Meridian, Mercury, Contact Energy, and Genesis Energy.
  • Renewables accounted for 85% of the power mix in 2024 (+11 pp since 2010) and for 46% of total energy supply (+6 pp).
  • Power generation has remained roughly stable since 2010.
  • Final energy consumption has been stable since 2014.
  • Oil product prices follow international trends.
  • Around 7 GW of wind and solar projects are under development.
85%
of renewables in the power mix in 2024
-51%
reduction in GHG emissions by 2035
-53%
of coal and lignite production since 2010

  • Energy & Climate Policy Framework

    The Building, Resources and Markets department of the Ministry of Business, Innovation and Employment (MBIE) is responsible for the energy sector policy. The country's oil, gas, and coal resources are regulated by New Zealand Petroleum & Minerals (NZP&M), a division of the Building, Resources, and Markets department.

  • Energy Companies

    Oil:

    OMV is the operator of the largest oil field, the Maari field (OMV 69%, Horizon 26%, Cue Taranki 5%). In FY2024, it produced 0.4 Mtoe of oil and NGL (48% of the country's total production).

  • Energy Supply & Demand

    Resources:

    New Zealand has some gas and coal reserves: 42 bcm for natural gas, 825 Mt for hard coal, and 6 750 Mt for lignite (2024). Oil reserves are more limited (6 Mt in 2024).

  • Energy Use and Price by Sector

    Energy Prices in Transport:

    All energy sources are subject to the GST (Goods and Service Tax), which stands at 15% since 2010 (previously 12.5%).

  • Issues & Prospects

    Oil:

    The government has announced Greymouth Gas Turangi as the selected winner of an onshore petroleum exploration permit for a 10-year period (its Block Offer 2020). Greymouth received a Petroleum Exploration Permit for an area covering around 62 km2, located in the north-west of Stratford in onshore Taranaki.

  • Graph 1: Primary Consumption Trends by Energy Source
  • Graph 2: Total Consumption Market Share by Energy (2024)
  • Graph 3: Installed Electric Capacity by Source
  • Graph 4: Installed Electric Capacity by Source (2024)
  • Graph 5: Gross Power Production by Source & Consumption
  • Graph 6: Power Generation by Source (2024)
  • Graph 7: Crude Oil Production & Consumption
  • Graph 8: Petroleum Products Production & Consumption
  • Graph 9: Gas Production & Consumption
  • Graph 10: Coal Production & Consumption
  • Graph 11: GHG Emissions and CO2-energy Emissions
  • Graph 12: Final Demand Trends by Energy Source
  • Graph 13: Final Consumption by Sector
  • Graph 14: Final Consumption Market Share by Sector (2024)
  • Graph 15: Final Consumption in Industry by Energy Source
  • Graph 16: Energy Prices in Industry (Taxes Included)
  • Graph 17: Final Consumption in Transport by Energy Source
  • Graph 18: Energy Prices in Transport (Taxes Included)
  • Graph 19: Final Consumption in Residential, Services, Agriculture by Energy Source
  • Graph 20: Energy Prices in Residential (Taxes Included)
  • Graph 21: Upcoming New Capacity by Energy Source
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The New Zealand energy market data since 1990 and up to is included in the Excel file accompanying the New Zealand country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • New Zealand Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the New Zealand energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).