90%
of renewables in the power mix in 2025 (+9 pts compared to 2021)
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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 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.
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Highlights
90%
of renewables in the power mix in 2025 (+9 pts compared to 2021)
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).
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 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:
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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