Renewable electricity generation hovers around 85 per cent

Published: 13 December 2018

Renewable sources made up almost 85 percent of electricity generation in the third quarter of 2018 pushed up by more hydrogeneration than this time last year, according to the New Zealand Energy Quarterly released today by the Ministry of Business, Innovation and Employment.

The latest New Zealand Energy Quarterly covers the period July-September 2018 and provides quarterly data and analysis on energy supply, demand, prices and associated greenhouse gas emissions.

“For the September 2018 quarter renewable sources accounted for 84.7 per cent of electricity generation, up from 80.4 per cent on the same quarter a year ago,” says Daniel Griffiths, MBIE Manager of Markets, Evidence and Insights.

“Hydro generation was up 9.3 per cent compared to the September 2017 quarter and non-renewable generation fell sharply. Coal generation was down 23.4 per cent on a year earlier while gas-fired generation dropped by 20.5 per cent. A reduction in output from the Pohokura gas field led to a decline in overall gas supply of 12 per cent from the same quarter a year earlier.”

“Refining New Zealand output rebounded to record levels of 11.3 million barrels following a planned maintenance shutdown in the June quarter.”

“There was a sizeable jump in petrol and diesel prices for the quarter compared to this time last year. The national average price for petrol hit $2.14 per litre, up 17 per cent on the September quarter in 2017 while diesel rose by 31 per cent. We saw a 44.1 per cent hike in the price of a barrel of Brent crude oil from September 2017 to September 2018.”

New Zealand Energy Quarterly

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