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annual report

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.

Overview of the offshore renewable energy regime

The offshore renewable energy regime is governed by the Offshore Renewable Energy Act 2026 and related regulations, which provide the legislative framework for the investigation and development of offshore renewable energy projects in New Zealand.

Strengthening New Zealand’s dry-year regulatory framework

As part of action 2.5 of the Energy Package announced in October 2025, the Government is strengthening the regulatory framework for managing dry-year risk in New Zealand’s electricity system. The strengthened framework will clarify roles, provide more timely information, improve tools and ensure enduring incentives for participants to respond to evolving dry-year risk.

Outcome One: Prosperous and adaptable people, sectors, and regions

In the future, New Zealand’s economy will have a different mix of sectors, jobs and skills. We will help communities to adapt and to benefit from the changes as we move to a knowledge-intensive, low-emissions economy.