90%
of renewables in the power mix in 2025 (+9 pts compared to 2021)
New Zealand energy report
This analysis includes a comprehensive New Zealand energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
Update:
November 2022
Format:
2 files (PDF report, Excel file)
Pages:
31 (Report only)
Delivery:
Immediate by e-mail
Price:
890 €
Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.
After validation, you will immediately receive 2 files by email (one pdf report and one excel file containing the datasets).
Highlights
- The main goals on renewables are a share of 90% in the electricity mix in 2025 and of 50% in final energy consumption in 2035.
- The country aims to become carbon neutral by 2050.
- Four companies account for the majority of power generation: Meridian, Contact, Mercury and Genesis.
- Renewables account for 81% of the power mix.
- Coal and lignite production has been decreasing rapidly (-6%/year) since 2010.
- Oil product prices follow international trends.
- Energy consumption has remained roughly stable since 2014.
- Geothermal has a high share in total consumption (24% in 2021).
- The share of renewables in the power mix is expected to reach 95% in 2050, with a goal of 100% mentioned in the latest NDC as soon as 2035.
18%
of electricity generation from geothermal in 2020
-46%
of coal and lignite production since 2010
Abstract
Institutions & Energy Policy
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 under the responsibility of NZP&M (New Zealand Petroleum & Minerals), a division of the Building, Resources and Markets department.
Energy Supply
Gas:
Production of natural gas decreased in 2021 by 13% to fall for the first time since 2007 below 4 bcm. It had previously increased by 7% in 2019 after decreasing by 4%/year over 2014-2018.
The Pohokura gas field is the largest gas producing field, providing more than 40% of total gas production.
Energy Prices
Electricity:
New Zealand has a well-developed electricity market and spot prices are published for every 30-minute interval to dispatch the lowest cost generation.
The average price of electricity has increased in 2021 to reach US$12.7c/kWh for industry (+28%) and US$20.5c/kWh for households (+9%).
Energy Consumption
Energy consumption per capita is high at 3.8 toe. Electricity consumption per capita reached around 7 600 kWh in 2021.
Energy consumption has slightly decreased since 2015 to 20 Mtoe in 2021 (-0.8%/year). It increased by 2.4%/year between 2010 and 2015.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
The electricity demand and generation scenarios of 2019, prepared by the Energy Modelling division of the MBIE, explore the future until 2050 under five different scenarios: "Reference", "Growth", "Global", "Disruptive", and "Environmental". Total energy consumption should reach between 24 and 28 Mtoe in 2050 (between +0.5-1%/year).
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the New Zealand energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2021, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2021, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (US$c/kWh)
- GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
- GRAPH 8: Consumption trends by energy source (Mtoe)
- GRAPH 9: Total consumption market share by energy (2021, %)
- GRAPH 10: Final consumption market share by sector (2021, %)
In the New Zealand energy market report you will find the following tables:
- 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.
- Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.
The New Zealand energy market data since 1990 and up to 2021 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).
The New Zealand country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.
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