Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Positive trends in latest energy data

Positive trends in latest energy data


New Zealand’s demand for energy is increasing at a lower rate than the economy is growing, according to the latest New Zealand Energy Quarterly published today by the Ministry of Business, Innovation and Employment (MBIE).

Overall energy demand increased by 0.9 per cent during the year to December 2013, which included a 3.9 per cent increase in demand for diesel and a 2 per cent drop in electricity demand. This compares with an increase in gross domestic product (GDP) of 2.6 per cent for the year to September 2013 (latest available figure), and suggests that New Zealand is becoming more energy efficient.

“We are producing more GDP for every unit of energy we use as a country,” says Bryan Field, MBIE’s Manager of Modelling and Sector Trends.

The role of renewables in electricity generation increased to 75.1 per cent in 2013, up from 72.7 per cent the previous year. The increase reflected new geothermal generation plants Ngatamariki (82MW) and Te Mihi (166 MW, which is not yet at full production), as well as the mothballing of the second 250MW coal and gas fired unit at Huntly power station.

These changes also delivered a reduction of 15 per cent in greenhouse gas emissions from electricity for the year. For the December quarter, these emissions were the lowest in 17 years.

The Quarterly Survey of Domestic Electricity Prices, which MBIE also published today, shows residential electricity prices increased 2.9 per cent in 2013.

This reflected a 2.2 per cent increase in distribution and transmission charges (which translates to a 0.9 per cent increase in the retail price), and a 3.4 per cent increase in energy and retail charges, (which translates to a 2 per cent increase in the retail price).


[ends]

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news