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The Conversation
The Conversation
Environment
Alan Brent, Professor and Chair in Sustainable Energy Systems, Te Herenga Waka — Victoria University of Wellington

NZ energy crisis: electricity demand will jump as NZ decarbonises – can renewable generation keep up?

Electricity New Zealand the Electricity Authority
Getty Images

The prime minister has called it an “energy security crisis” and signalled a review of New Zealand’s electricity market as wholesale prices spike and industries suffer.

And he’s right – this year has seen pricing turmoil. August saw daily averages ranging between NZ$164.52 and $853.57 per megawatt hour (MWh). By comparison, August 2023 saw a maximum daily average price of $168.43 per MWh.

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