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

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news