Acronyms and glossary
Glossary of terms and acronyms from the annual report.
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Oil
New Zealand is a producer of crude oil, with fields concentrated around Taranaki. However, the crude oil produced in New Zealand has historically been almost entirely exported. Since the closure of New Zealand’s only oil refinery at Marsden Point, all domestic petroleum needs are served by imports of refined products such as petrol, diesel, and jet fuel.
Our outcomes
Coal
New Zealand has in-ground coal resources of more than 15 billion tonnes, of which 80% are lignite in the South Island. There are also substantial resources of sub-bituminous coal in both islands, and a lesser amount of high-quality bituminous coal, mainly on the West Coast of the South Island.
Annual reports – Ngā pūrongo ā-tau
The Annual Report is our main reporting mechanism to Parliament, and is usually tabled in late October. The Annual Report outlines our performance compared to the performance targets set in the previous year's Statement of Performance Expectations.
Renewables
Renewable energy is often associated with electricity production, specifically wind, solar, or hydro generation. However, renewable energy is also used for direct heat applications such as milk powder drying, paper making, commercial space heating, or Rotorua’s heated pools.
Corporate publications
This page provides links to our corporate publications – our Strategic Intentions / Statement of Intent and Annual Report, and Occasional Papers.
Electricity
New Zealand’s electricity is mostly generated through renewable sources such as hydro and geothermal energy. Our renewable generation is supplemented by thermal ‘peaker’ plants when demand is high or during dry periods when hydro stores are low.
Annual report 2024/25 – Pūrongo ā-tau 2024/25
Hīkina Whakatutuki | The Ministry of Business, Innovation and Employment’s 2024/25 Annual Report is a review of our financial and non-financial performance against our outcomes, priorities and obligations.
Overview
This report presents comprehensive information on, and analysis of, New Zealand’s energy supply and demand for the 2023 calendar year.