Analysis of new zealand s domestic energy storage field

Why is the midstream sector important in New Zealand?

New Zealand's geographic isolation, its renewable energy backbone and low relative levels of energy storage capacity make the role of the domestic midstream sector particularly important. What local storage opportunities exist, what are their benefits, their costs and their alternatives?

What is energy in New Zealand 2021?

Energy in New Zealand 2021 provides annual information on and analysis of New Zealand’s energy sector and is part of the suite of publications produced by the Markets team of the Ministry of Business, Innovation & Employment (MBIE). The 2021 edition includes information up to the end of the calendar year 2020.

What is New Zealand's domestic energy supply?

Since the closure of New Zealand’s only oil refinery at Marsden Point, all domestic petroleum needs are served by imports of refined products such as petrol, diesel, and jet fuel. Domestic energy supply is derived from either indigenous production or imported from overseas sources.

How has New Zealand's energy consumption impacted domestic transport?

As the majority of energy used for domestic transport in New Zealand is from oil products, this saw demand for oil products fall 8.8 per cent from 2019 levels. The largest reductions were seen in petrol use (down 11 per cent) and use of fuels for domestic aviation (down 31 per cent).

What is the New Zealand energy quarterly?

Ministry of Business,... The New Zealand Energy Quarterly provides quarterly data and analysis on energy supply, demand, prices and associated greenhouse gas emissions. Quarterly and annual statistics for electricity generation and consumption.

Is there value in New Zealand's storage solutions?

There is value in New Zealand having diversity for its storage solutions, as seen by the impact of the lack of gas in Winter 2024. This white paper presents the key findings of that analysis, including considering a long list of solutions for flexibility and modelling of electricity prices under different scenarios.