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Electricity sector in New Zealand information


Electricity sector of New Zealand
Data
Installed capacity (2020)9,448 MW[1]
Production (2020)42,858 GW⋅h[1]
Share of fossil energy19%[1]
Share of renewable energy81%[1]
GHG emissions from electricity generation (2019)4,181 kt CO2-e[2]
Average electricity use (2019)8,940 kW⋅h per capita[3]
Distribution losses (2020)6.9%[1]
Consumption by sector
(% of total)
Residential31.7%
Industrial37.9%
Commercial and public sector23.8%
Tariffs and financing
Average residential tariff
(US$/kW·h, 2020)
0.20 (NZ$0.29)[4]
Services
Share of private sector in generation36%
Share of private sector in transmission0%
Share of private sector in distribution100%
Competitive supply to large usersYes, except in isolated areas
Competitive supply to residential usersYes, except in isolated areas
Institutions
Responsibility for transmissionTranspower
Responsibility for regulationElectricity Authority
Commerce Commission
Electricity sector lawElectricity Act 1992
Electricity Industry Act 2010

The electricity sector in New Zealand uses mainly renewable energy, such as hydropower, geothermal power and increasingly wind energy. As of 2021, the country generated 81.2% of its electricity from renewable sources. The strategy of electrification is being pursued to enhance the penetration of renewable energy sources and to reduce greenhouse gas (GHG) emissions across all sectors of the economy. In 2021, electricity consumption reached 40 terawatt-hours (TW⋅h), representing a 0.2% increase compared to the consumption levels in 2010.[5]

The 2011–2021 Energy Strategy of New Zealand aims for a 90% share of renewable electricity by 2025. Following this, the government raised its ambition by setting a goal of achieving 100% renewable electricity by 2030.[6][5]

The Ministry of Business, Innovation, and Employment in New Zealand monitors several key entities in the electricity sector. This includes the independent regulators, the Electricity Authority and the Commerce Commission, which are responsible for the sector's regulation. Additionally, the Crown agent, the Energy Efficiency and Conservation Agency, is dedicated to promoting and managing electricity efficiency programs.[5]

  1. ^ a b c d e "Electricity statistics". Ministry of Business, Innovation and Employment. Retrieved 16 July 2021.
  2. ^ "New Zealand's Greenhouse Gas Inventory 1990–2019" (PDF). Ministry for the Environment. 2021. Retrieved 16 July 2021.
  3. ^ "Energy in New Zealand 2018". Energy in New Zealand. MBIE. 31 October 2018. ISSN 2324-5913.
  4. ^ "Energy prices". Ministry of Business, Innovation and Employment. Retrieved 16 July 2021.
  5. ^ a b c "New Zealand 2023 Energy Policy Review" (PDF). International Energy Agency (IEA). 2023.
  6. ^ "New Zealand 2023 – Analysis". IEA. Retrieved 21 March 2024.

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