Industrial energy storage cost breakdown in New Zealand 2025

Why is fuel storage important in New Zealand?

The choice of fuel used for storage is critical for security, price stability and environmental impact. 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. Working with every facet of the energy industry, to help clients respond to business issues and trends.

How much does electricity cost in New Zealand?

A paid subscription is required for full access. In 2023, the average cost of electricity for industrial use was around 15.68 New Zealand cents per kilowatt hour. This was a decrease in the electricity cost compared to the previous year. Get notified via email when this statistic is updated. *Excludes GST.

Which sector consumes the most energy in New Zealand?

The industrial and transport sectors alone comprise two-thirds of New Zealand’s energy consumption. In 2023, the domestic transport sector accounted for 38.0% (207.5 PJ) of the energy consumed that year, while the industrial sector accounted for a further 30.8% (168.3 PJ).

What are energy storage technologies?

Informing the viable application of electricity storage technologies, including batteries and pumped hydro storage, with the latest data and analysis on costs and performance. Energy storage technologies, store energy either as electricity or heat/cold, so it can be used at a later time.

How many PJ does New Zealand consume in 2023?

New Zealand consumed 546.2 PJ in 2023... ...enough to power 16,386,000 cars. Burning fossil fuels (such as oil, gas, and coal) produces harmful emissions of gases and particulate matter, negatively affecting air quality and health.