Energy – 2024
Titles of documents the Minister for Energy received from MBIE in 2024.
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Glossary
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.
Oil
Domestic consumption of oil products remains steady, with declines in commercial sector use counteracting an increase in residential and agricultural use. International transport fuel use continues to increase as travel recovers from the impacts of the coronavirus (COVID-19) pandemic.
Gas
Natural gas production decreased in 2024 because of faster-than-expected natural field decline, most notably impacting industrial gas use. Forecast production indicates this will continue throughout the coming years.
Coal
Slips and a partial tunnel collapse disrupted both exports and production of coal in 2024. At the same time, coal imports increased as Genesis rebuilt its stockpile at the Huntly Power Station.
Renewables
New Zealand's renewable energy supply increased on 2023 levels, with strong growth in geothermal, solar, and wind energy. The renewable share of total primary energy supply increased, driven by both higher renewable output and reduced production of non-renewable energy sources. Additionally, the renewable share of consumption also increased compared to 2023.
Energy in New Zealand 2024
Energy in New Zealand 2025
Comprehensive information on and analysis of New Zealand’s energy supply, demand and prices.
Minimum stockholding obligation
The Fuel Industry Act 2020 was amended in 2023 to require fuel industry participants, who meet certain criteria, to keep a minimum amount of fuel on hand within New Zealand’s Exclusive Economic Zone.