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26 Jun 2024 11:31
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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


     Other Business News
     26 Jun: A woman's been ordered to pay almost six-million-dollars, for her involvement with a pyramid scheme which saw 83 percent of participants worldwide lose money
     26 Jun: A water pontoon will be installed at Auckland's Viaduct to re-connect it to Wynyard Quarter
     26 Jun: Hopes a spike in global shipping prices won't stay around for long
     25 Jun: A Christchurch businessman is being accused of running a major black-market cigarette factory
     25 Jun: NZ Rugby CEO says further work needed to achieve sustainable model following $8.9m loss
     25 Jun: Unemployment and job insecurity are starting to bite
     25 Jun: New Zealanders are feeling more pessimistic about employment prospects and security
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    Former All Black Shayne Philpott has died aged 58 More...

    BUSINESS BUSINESS
    A woman's been ordered to pay almost six-million-dollars, for her involvement with a pyramid scheme which saw 83 percent of participants worldwide lose money More...


     Today's News

    		 Politics:
    The Chief Executive of the Children's Ministry Oranga Tamariki has confirmed the final job cut tally 11:17

     Soccer:
    England manager Gareth Southgate's acknowledged the professionalism of his players amid criticism at the European football championships in Germany 11:07

     Entertainment:
    John Waters refuses to hire actors who use the word "journey" 11:00

     Entertainment:
    Paris Hilton has waited her "whole life" for daughter London 10:30

     Politics:
    New commissioners will lead the second stage of the Covid-19 inquiry 10:27

     National:
    With pressure mounting on the Biden administration, its pursuit of Assange was becoming both damaging and untenable 10:07

     Business:
    A woman's been ordered to pay almost six-million-dollars, for her involvement with a pyramid scheme which saw 83 percent of participants worldwide lose money 10:07

     Entertainment:
    Rising rap star Julio Foolio has been shot dead a day after turning 26 10:00

     Entertainment:
    Justin Timberlake's fans make his life "so special" 9:30

     Motoring:
    Eight-time world rally champion Sébastien Ogier and co-driver Vincent Landais are undergoing hospital medical tests after they crashed near a village in Poland while preparing for this week's race 9:27

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