News

Renewable electricity generation increases

An increase in hydro and wind generation helped the share of electricity generated from renewable sources lift in the first 3 months of 2022 compared to the same quarter a year ago, according to data published by the Ministry of Business, Innovation and Employment.

The latest New Zealand Energy Quarterly covers January to March 2022, and provides quarterly data and analysis on energy supply, demand, prices and associated greenhouse gas emissions.

The renewable share of electricity for the first quarter of 2022 increased to almost 83%. This is the second highest share for this quarter since 1996.

The quarter coincided with Russia’s invasion of Ukraine and the volatility in global energy markets. This was reflected in domestic fuel prices, with regular 91 up 33% and diesel rising 55% compared to the same quarter last year.

The period also captured the wind down of the refining operations at Marsden Point with imports of crude oil falling by 755 in March compared to the previous month.

MBIE has added quarterly data into the New Zealand Energy Dashboard which offers a host of energy-related data insights:

New Zealand Energy Dashboard

New Zealand Energy Quarterly