Gas supply reducing faster and sooner than previously forecast
Data released today by the Ministry of Business, Innovation and Employment (MBIE) shows that as of 1 January 2025 natural gas reserves have reduced 27% compared to last year.
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annual report
Oil statistics
This page contains data tables for oil production, transformation and consumption. It also includes some brief outlines of distribution and storage of oil products in New Zealand.
New Zealand's participation in the International Energy Programme
New Zealand is a member of the International Energy Agency (IEA) International Energy Programme. Membership of the IEA acts as “insurance” against disruption to international energy supplies.
Electricity Price Review
In 2018-19, the independent Electricity Price Review investigated whether the electricity market was delivering a fair and equitable price to consumers and considered improvements to future-proof the sector and its governance structures. In 2019-20, the Government established new workstreams to action many of the Review’s recommendations.
NZ Battery Project
The NZ Battery Project was set up in 2020 to explore possible renewable energy storage solutions for when our hydro lakes run low for long periods. A pumped hydro scheme at Lake Onslow was one of the options being explored. The Government stopped the Lake Onslow investigations in late 2023. MBIE is continuing work on the question of security of supply during extended periods of low hydro inflows as part of its wider electricity system work programme. The following documents were produced as part of the NZ Battery Project.
Weekly fuel price monitoring
We carry out weekly monitoring of national average prices and retail importer margins for regular petrol, premium petrol, and diesel. This data is updated weekly, using the previous week's data.
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