Hybrid renewable storage tender price in New Zealand 2026

How did winter 2024 affect wholesale electricity prices in New Zealand?

Winter 2024 saw significant pressures on wholesale electricity prices in New Zealand, with average weekly prices in early August 2024 reaching approximately NZD800 per megawatt hour, at levels that were about six times higher than they were in winter 2023. The high wholesale electricity prices had a material impact on some businesses. For example:

Where can I find specifications for tenders & RFPs?

Specifications for tenders and RFPs are posted on the Government Electronic Tenders Service (GETS). EECA is building a nationwide list of experienced energy and carbon management professionals. How can we help? We help businesses, public sector organisations and individuals to be energy efficient and move off fossil fuels.

Will bringing more electricity online save New Zealanders from fuel shortages?

In connection with announcing the task force, the EA’s Board chair noted (among other things) that “bringing more generation online sooner puts more electricity into the system, which is the best way to protect New Zealanders from fuel shortages in the future”.

Why is New Zealand a good place to invest in renewables?

Structured for growth. Global demand for renewables is skyrocketing, and New Zealand is perfectly positioned to meet it, thanks to our abundance of accessible resources generated by hydro, wind, solar and geothermal.

Why should New Zealand invest in transmission & distribution networks?

Transmission and distribution networks will play a critical role in the electrification of New Zealand’s economy. There is a substantial need for investment to maintain and replace ageing networks and to support new generation capacity and meet domestic energy demand.

How many GWh a year will renewable electricity generation 2 be online?

There is ~2,600 GWh/year of new renewable electricity generation 2 expected to be online between now and 2026. This will be mostly solar farms, followed by wind turbines and geothermal. Doubt, however, around commissioning times is increasing.