Tuesday, 17 June 2008

For immediate release

New Zealand Energy Quarterly released

The Ministry of Economic development today released the New Zealand Energy Quarterly for the March quarter 2008.

This publication presents quarterly statistics on fuel prices, the supply of major fuels, electricity generation and greenhouse gas emissions.

This quarter:

• Petrol and diesel prices continued to rise, although motorists were somewhat shielded from increases due to the high value of the New Zealand dollar compared with the US dollar.
• New Zealand’s oil production continued at near record levels as a result of the Tui oil field coming online in mid 2007.
• Oil exports were more than four times higher compared to the March quarter 2007.
• Thermal electricity generation was significantly higher than during the March quarter 2007 due to low hydrological inflows.
• Whirinaki, New Zealand’s diesel-fired reserve generator, ran at record levels.
• Emissions from electricity generation were up almost a third compared with the March quarter 2007.

The New Zealand Energy Quarterly replaces Statistics New Zealand’s Quarterly Energy Statistics Hot Off The Press. It is part of a suite of energy publications produced by the Ministry of Economic Development, and is free to download or subscribe to by going to www.med.govt.nz/energy/nzeq/. The Ministry also provides up-to-date information via its Energy Data webpages at www.med.govt.nz/energy/data/.

ENDS

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