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Energy Policies of IEA Countries: New Zealand 2017 Review
…The government has ambitious plans to boost the share of electric vehicles and renewable energy. The country has a flexible power system, but future growth requires fine-tuning of market rules in favour of even more flexibility, demand response, smart and effective electricity retail and distribution. While security of supply is well ensured by effective markets, an energy-constraint system can benefit from market-based risk managements tools, including a safety net for dry years as well as access to global liquefied natural gas markets. This review analyses the energy policy challenges facing New Zealand and provides recommendations to help…
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Energy Policies of IEA Countries: New Zealand 2010 Review
…changes in the electricity sector and environmental policy. But progress in some sectors, such as energy efficiency, has not been as strong as anticipated. In mid-2010, the government commenced a review of the New Zealand Energy Strategy. The result is the publication of a new energy strategy, which establishes clear long-term policy priorities and energy-savings goals. Implementing these strategies will bring many new challenges, including attainment of the government’s medium-term energy-savings targets. New Zealand enjoys the advantage of a diverse and balanced portfolio of renewable-energy resources, which contribute over 70% of electricity output …
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Energy Policies of IEA Countries: New Zealand 2006 Review
…with energy market liberalisation is remarkable. In fact, New Zealand was a pioneer in electricity market liberalisation, whereas many countries are just starting down the path of liberalisation. Furthermore, the country’s strong commitment to undistorted and transparent liberalised markets is evidenced by a general lack of direct energy subsidies to specific customers or producers. Its commitment to ongoing review of its energy markets to ensure efficient and competitive outcomes is shown by the government’s recent creation of two new regulatory bodies, the Electricity Commission (EC) and the Gas Industry Company (GIC). In short, New Zealand should be proud…
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New Zealand 2023
…New Zealand has set ambitious targets for reducing greenhouse gas emissions, including achieving net zero emissions by 2050. The country enjoys many natural advantages for its energy transition, including an enviable renewable resource base. New Zealand already has a low‑emissions electricity system, with significant production from both hydropower and geothermal, and therefore has an attractive opportunity to leverage this clean electricity to decarbonise end-user sectors. This will require not only sizeable technological investments to efficiently electrify transport and industry, but will also necessitate a sizeable buildout of additional renewables generation capacity, along with supplemental grid and storage investments. Notably…
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New Zealand Climate Resilience Policy Indicator
…higher than the world average (0.0313°C). However, New Zealand’s annual average temperature in any given year is subject to high natural variability, driven by variations in circulation patterns and other natural fluctuations. The number of frost days has been falling while warm days and heatwave days increased between 1972 and 2019. The rise in warm and heatwave days, which has been faster in inland areas of the South Island than in other locations, is driving up summer electricity demand by spurring greater air conditioner use.Compared with the 1995 baseline, New Zealand’s average temperature is expected to be…
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New Zealand's legislation on oil security
…be insufficient to maintain a desirable level of stocks (article 5(1)(a) Petroleum Demand Restraint Act). Authority determining whether emergency exists The determination whether or not New Zealand’s IEA obligations require the taking of emergency measures is made by the Governor-General (article 3(1) IEAA). Legal stockholding obligations Storage AgencyNew Zealand does not have a stockholding agency. According to article 6(1) IEAA, the authorised Minister may direct persons who in the course of an undertaking produce, acquire, distribute, supply or use petroleum to assist with the maintenance of New Zealand’s oil reserves if such a…