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

 

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news