Rising Demand of Renewable Energy in New Zealand Power Market Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Energy is an essential ingredient for the economic and social prosperity of any country. Energy consumption highlights the economic prosperity or the healthy functioning of any country. The energy markets and policy frameworks have witnessed immense changes in New Zealand in the past decade. New Zealand energy market is a perfect example of an effective ecosystem. New Zealand has ample amount of energy resources to meet its need and notably, it is bestowed with many renewable energy resources. New Zealand has one the highest production capability of geothermal energy and has huge hydro power potential. In recent years market has been able to ensure supply stability thereby ensuring that no unexpected price hikes take place. The leading players in energy segment are Meridian Energy Ltd, Genesis Energy Ltd, Contact Energy Ltd, Mercury NZ Ltd, Infratil Ltd According to the study, ‘New Zealand Power Market Outlook to 2030, Update 2018 – Market Trends, Regulations, and Competitive Landscape’, Although New Zealand has both ample renewable and non renewable resources, it imports some of its energy requirements from other country in order to meets in domestic demand. The country actively exports fossil fuels which improves the overall revenue of the government. However due to the requirement of importing, New Zealand is rendered dependent on factors and forces that are outside its control. Coal Production has witnessed a falling trend since the past 5 years at in 2016; it was reported to be at an all time low. The total coal production in the country fell as compared to last year because of fall in production destined in Northern Islands and international markets. The falling coal production in the northern region can be attributed to lower demand for electricity generate via coal. The production in the western region is primarily used for export purposes however due to falling international coal prices; the production in this region also saw a decline. The coal generation in other parts of the country rose but was not high enough to lift the overall market volume. New Zealand’s oil and gas production dates back to the 1950s. The modern industry in New Zealand is built on new age technological infrastructure and competitive global oil and gas regime. New Zealand saw a huge production in its oil and gas in the late 20th century and between 2005 -2020, however this rising trend saw a downturn post 2010. In 2016, the oil production fell which can be attributed to 2 month shutdown of Maari field after a crack was discovered in well head platform. Oil exports also fell however; Imports witnessed a rise due to increased demand for diesel. The domestic transportation industry is the largest consumer of oil and gas. Renewable energy sources in New Zealand include hydro, wind, geothermal, solar, woody biomass, biomass and liquid bio fuel. Overall rising trend was recorded in renewable energy production. High electricity production in 2016 from hydro was a key driver for causing this increase. In the recent years, a substantial portion of electricity generation is by renewable energy resources. Wood biomass has also emerged with a huge share in overall energy production via renewable sources. Due to favorable climatic conditions, the over demand and supply of electricity fell slightly in 2016. The Electricity market is regulated by the Electricity Industry Participation code which is administered by Electric Authority. Electric Authority was set up in 2010 to replace Electricity Commission. The trends reveal that New Zealand is one of the few countries that are actually shifting towards renewable energy resources due to various environmental hazards associated with non renewable sources. The future for renewable energy can be characterized by high growth rate whereas uncertainty still looms over sources that are nonrenewable in nature. To know more, click on the link below: https://www.kenresearch.com/energy-and-utilities/power/new-zealand-power-regulations-competitive/151208-103.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com 0124-4230204 Tags: New Zealand Annual Power Consumption, New Zealand Power Market Analysis, New Zealand Power Market Demand, New Zealand Power Market Growth, New Zealand Power Market Outlook, New Zealand Power Market Overview, New Zealand Power Market Revenue, New Zealand Power Market Size, New Zealand Power Market Structure, New Zealand Power Market Trends