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Outcome 4: Strong and resilient economy delivering energy security and value from resources

A strong and resilient economy is essential to the country’s long-term success and to helping weather global and national changes and natural disasters. Energy security and renewable energy sources provide better economic stability and ensure the nation’s autonomy. The strategic and responsible development of New Zealand’s natural resources enables economic growth and activity. Under this outcome, we also make important contributions to three pillars of Going For Growth (Pillar 2: Competitive business settings, Pillar 3: Promoting global trade and investment and Pillar 5: Infrastructure for growth).

Electricity

Low hydro inflows and lower gas supply saw an increase in coal use for electricity generation in 2024. At the same time, increases in wind, solar, and geothermal generation capacity helped offset the drop in hydro generation, with 85.5% of electricity generated in 2024 coming from renewable sources.

Outcome 3: Competitive markets with informed consumers and business

A market with appropriate checks and balances increases the confidence of people and businesses to participate freely in the economy. We achieve this by regulating markets, providing critical information to consumers, providing dispute resolution services, and supporting businesses to grow and evolve.