New Zealand containerized power generation prices

How does concept forecast electricity prices in New Zealand?

Concept uses its proprietary New Zealand electricity market model, ‘ORC’, to forecast electricity prices from 2025 to 2047. This modelling produces Capture rates (generation weighted - time weighted average price ratios) for different technologies (wind, solar, geothermal, etc.).

Where can I find information about electricity in New Zealand?

Data tables for electricity [XLSX, 313 KB] From this page you can also access all historical electricity information published by our Modelling and Sector Trends Team. Information is available on New Zealand’s electricity supply, demand, and transmission and distribution. Electricity prices are presented on the Energy prices pages. Energy prices

Why should New Zealand increase electricity production?

Increasing electricity production will also enable the decarbonisation of the economy – which is needed to meet New Zealand’s climate goals. Despite the building of more renewable generation plants, future prices 1 for winter 2024, 2025 and 2026 remain high (see figure 1).

How does New Zealand generate electricity?

Electricity generation from the combustion of coal, oil, and gas provides baseload, backup and peaker electricity supply. Generation from these fuels is around a quarter of New Zealand’s electricity generation. Most of New Zealand’s thermal plants are found in the North Island, close to domestic coal, oil, and gas resources.

How much electricity does New Zealand generate a year?

On a yearly basis, then, New Zealand can generate more than 47TWh from solar, wind and hydro, with some firming from the grid-scale batteries. That excludes the other baseload generators – geothermal, co-generation (where electricity is generated alongside heat production at industrial sites such as paper mills) and biomass.

What are New Zealand's energy supply and demand challenges?

In brief : While New Zealand’s energy supply side challenges capture headlines and headspace, the demand side of the equation is often overlooked. High electricity prices and recent policy shifts make it challenging to attract and retain industrial customers.