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Review of Electricity Market Performance and release of the Government's Energy Package

MBIE is proactively releasing documents provided to the Minister for Energy and Minister for Resources relating to the independent review of the electricity market performance and release of the Government's Energy Package.

Oil

While domestic production of oil and LPG continues to decrease, the volume of oil consumed in New Zealand in 2025 stayed relatively steady. Despite geopolitical events in the Middle East, prices remained stable over the course of the year.

Electricity

Record levels of geothermal and solar generation, driven by growth in generation capacity and reduced reliance on thermal generation. As a result, 88.5% of electricity generated in 2025 came from renewable sources.

Balance tables

New Zealand’s energy production comes from both renewable and non-renewable sources. The energy balance tables are an international accounting framework, used to show how energy supply and demand by sector varies by energy type.