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22 Jun 2024 8:21
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      Home > News > Business

    The decline in gas supply has led to production cuts and a 99-percent increase in coal-generated electricity - according to MBIE

    The decline in gas supply has led to production cuts and a 99-percent increase in coal-generated electricity - according to MBIE

    13 June 2024
    Methanex, New Zealand's biggest energy consumer, has cut back on its methanol production as a result.

    Director of energy sector researcher, Enerlytica, John Kidd says the system will adjust - but unfortunately this is not a costless exercise.

    Kidd says New Zealand is structurally short on energy, 'full-stop' - so there's not enough energy in the country to support demand.

    © 2024 Newstalk ZB, NZCity


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     Today's News

    		 Accident and Emergency:
    Nearly 50 people, mostly crew, have spent the night onboard an Interislander ferry that's run aground near Picton 8:17

     Entertainment:
    Kevin Costner "feared" getting divorced again 8:16

     Motorsports:
    Lewis Hamilton is the pace-setter after the first two practice sessions at Formula One's Spanish Grand Prix 8:07

     Soccer:
    All Whites coach Darren Bazeley is relieved to have skipper Liberato Cacace back on the park 8:07

     Rugby League:
    A so-so assessment from Storm coach Craig Bellamy - despite another win in league's NRL 8:07

     Business:
    Conspiracy theorists often talk about the 'deep state'. This is what one might actually look like 7:57

     Business:
    Emotional and financial harm for Northland businesses following a massive power outage 7:47

     Entertainment:
    John Hamm was "terrified" of proposing to Anna Osceola 7:46

     Soccer:
    Confirmation of a big move for All Whites midfielder Marko Stamenic 7:37

     International:
    South Korea is known as the surgical capital of the world. But is there a dark side to Korean beauty? 7:27

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