Energy in New Zealand 2020 released
Published: 20 August 2020
The renewable share of energy in 2019 pulled back from the previous year’s record high due to reduced hydro electricity generation, according to the Ministry of Business, Innovation and Employment’s latest annual energy report.
Energy in New Zealand 2020, released today, is MBIE’s annual round-up of the energy sector, highlighting key trends in energy supply, transformation, demand and price for the 2019 calendar year.
“The share of renewable energy sources fell to 39.5 per cent of total primary energy supply. This came off last year’s record high of 39.8 per cent and is still the second highest level recorded in the series,” says Daniel Griffiths, MBIE Manager of Markets, Evidence and Insights.
“The share of electricity generated from renewable sources fell from 84 per cent in 2018 to 82 per cent as lower than normal hydro inflows led to an increase in generation from coal. Despite the increase in coal generation, this accounted for less than 5 per cent of the generation share.
“Total energy demand for the year rose by close to 3 per cent, with demand from the industrial sector leading the way with an almost 6 per cent increase on demand for the previous year.
“Fluctuations in commodity prices and international geopolitics led to an overall rise in crude oil prices and domestic transport fuel prices. At the end of the year the retail price of petrol was just over 10 per cent higher and diesel almost 4 per cent more than at the same time a year earlier,” said Griffiths.
COVID-19 has had a significant impact on the energy sector but the Energy in New Zealand publication covers only the 2019 calendar year and the Energy Factsheet has more recent information on the impact on the sector.
MBIE media contacts
Phone: 027 442 2141
Please note: This content will change over time and can go out of date.