The March edition of the excellent New Zealand Energy Quarterly is out. Here are the top 3 findings from my perspective.
1: NZ electricity was 79% from renewable sources last quarter. While this share will drop as winter kicks in and the more expensive forms of power increase in use to deliver the demand, it’s a superb result from the industry. It’s the highest since 1996 and the seventh quarter over 70%.
2: Coal is dying out in NZ – largely, I believe, because Huntly can now be gas-fired. We also see enough Wind power to make a difference, and investment in Geothermal plants is paying off.
3: Emissions from electricity generation have plummeted as coal is replaced by everything else. While Geothermal does emit, it is very small versus the other emitting sources.