Renewable electricity generation drives upwards but there are bumps in the road

Wind power is on the rise. (Image NZME)

Fri, 18 Aug 2023

Renewable sources generated 87% of electricity in 2022, with more recent data showing this regularly reaching above 90% and indications this will rise even more – if the weather is favourable. The latest annual energy report from the Ministry of Business, Innovation and Employment (MBIE) also said renewable sources made up 44% of all energy supply in 2022, the highest level since government reporting of this started in 1990.The rise in renewable electricity picked up towards the end of the year as wet and warm weather filled hydro la...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets

Asian markets jump on Trump tariff pause

Volatility remains high as the market awaits China's response.

Rebecca Howard 1:00pm

Primary Sector

DairyNZ raises levy for first time in 16 years

The new rates comes in on June 1.

Riley Kennedy 10:55am

DairyNZ raises levy for first time in 16 years

Markets

New Zealand’s S&P/NZX 50 Index jumped 3.4% on the open

Australia is poised to move even higher.

Rebecca Howard 10:10am

New Zealand’s S&P/NZX 50 Index jumped 3.4% on the open

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

Sponsored

New life in property market

Tax rule changes are bringing back mum-and-dad investors.

Fletcher Living

More Energy

Energy

Winners and losers in electricity tariff changes

45% are better off, 15% are neutral and the rest are worse off.

Ian Llewellyn 09 Apr 2025

News in Brief

ComCom warns lines company Alpine Energy

The Commerce Commission has issued a warning to South Canterbury-based lines company Alpine Energy after an accounting error resulted in it overcharging customers by $16.9 million.Commissioner Vhari McWha said its focus was on ensuring Alpine returned the money to customers, with...

Staff reporters 09 Apr 2025