New Zealand Energy Quarterly
The New Zealand Energy Quarterly provides quarterly data and analysis on energy supply, demand, prices and associated greenhouse gas emissions. This page has the current edition.
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Current Energy Quarterly publication
The current edition of Energy Quarterly is for the July to September quarter (Q3) 2024. It was released on 12 December 2024. The next Energy Quarterly will be released on 13 March 2025.
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Main highlights for this quarter
- Despite record wind and geothermal power generation in the July to September quarter, below average hydro inflows until mid-August resulted in the third lowest level of hydro generation in a September quarter on record.
- The combination of low lake levels and a period of reduced wind power generation in early August, meant relying on other forms of generation to keep enough power flowing. Demand side reduction at our largest industrial electricity user, combined with an increased use of coal and a small amount of diesel, were necessary to cover the resulting generation shortfall.
- With hydro generation this quarter down 16.6% to 5584 GWh – 48.4% of total generation for the quarter – coal fired generation increased. Electricity generation from coal was 884 GWh; a 156.5% increase on the same quarter last year. Coal fired generation made up 7.7% of the overall generation this quarter. The use of non-renewable energy sources resulted in a 31% increase in emissions from electricity generation compared to last September.
- Increasing generation at the new Tauhara geothermal station helped geothermal power hit a record 2,363 GWh this quarter; a 15.2% increase from the September quarter 2023. Similarly, the Harapaki Wind Farm becoming fully operational and windier conditions from mid-August contributed to record wind generation for the quarter with 1,094 GWh produced; a 17.8% increase on the same quarter last year.
- In August Meridian asked New Zealand Aluminium Smelters to reduce their electricity consumption as per its demand side response agreement. This contributed to a 10.2% decrease in industrial electricity consumption, contributing to a 2.5% (272 GWh) decrease in overall consumption for the quarter.
- Net gas production was 30.05 PJ, a drop of 22% on this quarter last year. Non-energy use of gas was down 3.84 PJ or 57% on September 2023 as Methanex (New Zealand’s largest user of gas) idled all their production facilities to free up gas for the other users in the market. This took effect in mid-August with only 1 plant being restarted at the end of October.
Read the summary for this quarter
New Zealand Energy Quarterly September 2024 summary
Read the media release for this quarter
Low hydro lake levels require continued reliance on coal and gas for electricity
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Previous Energy Quarterly editions
You can view previous years' editions of the New Zealand Energy Quarterly here.
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Last updated: 12 December 2024