What is New Zealand's energy self-sufficiency?

In 2023, national self-sufficiency remained unchanged in at 73 per cent. Key contributors to New Zealand’s energy self-sufficiency are coal and oil — Self-sufficiency: The ability of a country to meet its own energy supply needs through domestic production.

What is New Zealand's energy strategy?

The government plans to promote the electrification of end-use sectors such as buildings, transport and industry, leveraging a renewables-based electricity system. The New Zealand Energy Strategy 2011-2021 set a target for 90% renewable electricity by 2025. Subsequently, the government set an aspirational goal of 100% renewable electricity by 2030.

What are New Zealand's energy supply and demand challenges?

In brief : While New Zealand’s energy supply side challenges capture headlines and headspace, the demand side of the equation is often overlooked. High electricity prices and recent policy shifts make it challenging to attract and retain industrial customers.

What is primary energy consumption in New Zealand?

Graphic shows primary energy consumption in New Zealand for the 2021 calendar year (source: MBIE). Primary energy is energy that is harvested directly from natural resources – these can be renewable energy sources (as explored in this page) or non-renewable (such as gas, oil and coal).

Is New Zealand's energy sector stalled by a supply-demand standoff?

New Zealand’s energy sector is stalled by a supply-demand standoff, but there are ways to stimulate growth and attract investment. In brief : While New Zealand’s energy supply side challenges capture headlines and headspace, the demand side of the equation is often overlooked.

Does New Zealand have a long-term energy strategy?

New Zealand does not have a long-term energy strategy. In its May 2022 ERP, the government committed to developing such a strategy to achieve its vision for the energy and industry sectors.