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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
31 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • 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
890 €

Overview

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 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.

Highlights

  • The country targets a 90% share of renewables in the electricity mix by 2025 and a 50% share in final energy consumption by 2035.
  • The country aims to become carbon neutral by 2050.
  • Offshore exploration will be reauthorised in 2024.
  • Three companies account for around 70% of the power generation: Meridian, Mercury, and Contact Energy.
  • Renewables accounted for 86% of the power mix in 2023 (+14 points since 2010).
  • Coal and lignite production has halved since 2010.
  • Oil product prices follow international trends.
  • Energy consumption has remained roughly stable since 2014.
  • Renewables represent 48% of total energy consumption.
  • More than 6 GW of wind power projects have been announced.
90%
of renewables in the power mix in 2025
86%
of renewables in the electricity mix (2023)
-50%
of coal and lignite production since 2010

  • 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:

    Since 2021, production of natural gas has remained around 4 bcm, a level 20% lower than between 2015 and 2020. The highest historical production was reached in 2001 with 6.5 bcm.

    The Pohokura gas field is the largest gas producing field, providing more than 40% of total gas production.

  • Energy Prices

    Gas:

    The price of natural gas for industry decreased in 2022, reaching US$2.29c/kWh (-14%), but is still higher than the price between 2015 and 2020 (around US$1.70c/kWh). The price for households increased by 13% in 2023 (US$10.86 c/kWh), reaching its highest level since 2014.

    Graph: GAS PRICES FOR INDUSTRY AND HOUSEHOLDS (US$C/kWh GCV)

  • Energy Consumption

    Energy consumption per capita is within the average of the OCDE countries at 4.3 toe in 2023 and reached around 7 500 kWh for electricity.

    Total energy consumption has remained roughly stable since 2014 at around 22.5 Mtoe. This period of stability occurs after a large increase between 2005 and 2014 (+2.7%/year), partly due to the development of geothermal electricity.

  • 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: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2023, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2023, %)
  • 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 (2023, %)
  • GRAPH 10: Final consumption market share by sector (2023, %)
  • 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 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).