90%
of renewables in the power mix in 2025 (+10 pts compared to 2020)
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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 2020 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.
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Highlights
90%
of renewables in the power mix in 2025 (+10 pts compared to 2020)
18%
of electricity generation from geothermal in 2020
-47%
of coal and lignite production since 2010
Abstract
Institutions & Energy Policy
MBIE, the Ministry of Business, Innovation and Employment, is responsible for the energy sector policy.
The Ministry for the Environment takes care of New Zealand's climate change programme and is also involved in policy directives for renewable energy and electricity transmission activities.
Energy Supply
Gas:
Production of natural gas stayed stable in 2020 at 4.7 bcm. It had previously increased by 7% in 2019 after decreasing by 4%/year over 2014-2018.
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.
Energy Consumption
Energy consumption per capita is high, at 4.2 toe and around 7 800 kWh for electricity in 2020.
Between 2010 and 2014, energy consumption increased by 2.7%/year and it has remained relatively stable since then (20 Mtoe in 2020).
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).
Below is a list of the New Zealand energy market report graphs:
In the New Zealand energy market report you will find the following tables:
The New Zealand energy market data since 1990 and up to 2020 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:
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:
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