The renewable share of electricity generation was at 87.5% in the March quarter of 2023. This is the highest share for a March quarter since 1996, according to data released today by the Ministry of Business, Innovation and Employment (MBIE).

The Government is partnering with New Zealand Steel to deliver New Zealand’s largest emissions reduction project to date, with half of the coal being used at Glenbrook steel to be replaced with electricity to recycle scrap steel.

The NZ Battery Project was set up in 2020 to explore possible renewable energy storage solutions for when our hydro lakes run low for long periods. A pumped hydro scheme at Lake Onslow was one of the options being explored. The Government stopped the Lake Onslow investigations in late 2023. MBIE is continuing work on the question of security of supply during extended periods of low hydro inflows as part of its wider electricity system work programme. The following documents were produced as part of the NZ Battery Project.

New Zealand Petroleum and Minerals has granted an offshore petroleum exploration permit after a court-ordered reconsideration and released the Block Offer 2020 Invitation for Bids for onshore petroleum exploration in Taranaki.

The renewable share of electricity generation is at its highest level on record, according to data published today by the Ministry of Business, Innovation and Employment (MBIE).

We have a central role in governing, monitoring and advising on the gas market to ensure that gas is delivered in a safe, efficient, fair, reliable and environmentally sustainable manner.