Consumption of electricity in New Zealand was dominated by the industrial sector, holding a 44 percent share of total consumption. Within the industrial sector, basic metal mining had the highest electricity demand.
New Zealand’s electricity supply
Over 80 percent of the electricity generated in New Zealand came from renewable sources. The country has one of the highest renewable energy production shares in the OECD. Included in the country’s leading green electricity sources were hydro, geothermal, and wind energy. From these, the electricity generated from hydropower amounted to the largest volume. While not the dominant source of electricity, coal was a commonly used fossil fuel for electricity supply.
The price of power
The average cost of electricity for industrial consumers increased around 50 percent over the last decade. Industrial consumers paid the lowest rate per kilowatt hour, with commercial customers paying just slightly more. Furthermore, residential consumers had to pay about double that of what industrial consumers paid. With increasing costs of electricity in the residential sector, there has been a high volume of households switching their electricity provider in order to obtain lower rates.
Distribution of electricity consumption in New Zealand as of May 2018, by sector
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Electricity Authority New Zealand. (November 13, 2018). Distribution of electricity consumption in New Zealand as of May 2018, by sector [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/996117/new-zealand-electricity-consumption-share-by-sector/
Electricity Authority New Zealand. "Distribution of electricity consumption in New Zealand as of May 2018, by sector." Chart. November 13, 2018. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/996117/new-zealand-electricity-consumption-share-by-sector/
Electricity Authority New Zealand. (2018). Distribution of electricity consumption in New Zealand as of May 2018, by sector. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/996117/new-zealand-electricity-consumption-share-by-sector/
Electricity Authority New Zealand. "Distribution of Electricity Consumption in New Zealand as of May 2018, by Sector." Statista, Statista Inc., 13 Nov 2018, https://www.statista.com/statistics/996117/new-zealand-electricity-consumption-share-by-sector/
Electricity Authority New Zealand, Distribution of electricity consumption in New Zealand as of May 2018, by sector Statista, https://www.statista.com/statistics/996117/new-zealand-electricity-consumption-share-by-sector/ (last visited November 03, 2024)
Distribution of electricity consumption in New Zealand as of May 2018, by sector [Graph], Electricity Authority New Zealand, November 13, 2018. [Online]. Available: https://www.statista.com/statistics/996117/new-zealand-electricity-consumption-share-by-sector/