logo
Heavy rain fills hydro lakes, boosts winter energy supplies

Heavy rain fills hydro lakes, boosts winter energy supplies

RNZ News17-07-2025
Lake Pūkaki, New Zealand's largest hydro storage lake, in March.
Photo:
Supplied/Meridian
The country looks set to get through this winter with no squeeze on energy supplies but is still at risk from energy demand peaks.
The national grid operator Transpower said concerns at the start of the year about reduced gas supply and dry conditions had eased after wet weather filled hydro lakes.
Large generators had also struck deals with major industrial users such as Methanex and the Tiwai Point aluminium smelter, along with an increased coal stockpile.
Transpower said hydro lake levels had recovered to be at average levels for this time of year.
In the past week alone total hydro storage increased by 18 gigawatt hours, according to data from Energy Link.
Transpower's executive general manager of operations Chantelle Bramley said the outlook for this winter "has definitely improved".
"We started the year with a dry period, and we did see our hydro storage rapidly decline," she said.
"But we've seen a strong market response, particularly with increased thermal generation and that set us up well to meet New Zealand's electricity needs this winter."
However, Bramley said
demand peaks
- such as those seen last year - remained a risk.
"Those are challenges that we will always potentially face - making sure that we've got enough generation plants available to meet those coldest evenings and mornings," Bramley said.
"Events can always happen, and power plants can always break down," she said.
Bramley said the industry spent "a lot of time and energy" ensuring their plants were in working order for winter.
"It's really important that generators do work to keep [power plants] available and we've certainly seen that for this year."
Sign up for Ngā Pitopito Kōrero
,
a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Could Northland's Marsden Point be NZ's first 'Special Economic Zone'?
Could Northland's Marsden Point be NZ's first 'Special Economic Zone'?

RNZ News

timean hour ago

  • RNZ News

Could Northland's Marsden Point be NZ's first 'Special Economic Zone'?

'I'm on top of the world!' Regional Development Minister Shane Jones descends from the top of a 27-metre-high fuel tank. Photo: RNZ / Peter de Graaf A 'Special Economic Zone' at Northland's Marsden Point could supercharge the region's - if not the country's - economy, Regional Development Minister Shane Jones says. Jones and New Zealand First leader Winston Peters visited Marsden Point on Tuesday to inspect a jet fuel storage project , while also promoting their vision for encouraging investment around Northland's main port. Peters said the area could "easily" become New Zealand's first Special Economic Zone . It had New Zealand's best deep-water port, was closest to international shipping lanes, and had plenty of land to build on. "These zones go a step beyond fast-track legislation. The zones will also have tax regimes that appeal to investors, local and international alike." Jones said Special Economic Zones already operated in Ireland, Singapore and Croatia. He said increased depreciation, tax "holidays" in which companies initially paid no tax, and attractive regulatory regimes could be used to attract large-scale investment in specific areas. Jones admitted the plan was "unorthodox" and would not say if it was supported by the party's coalition partners - but he believed bold moves were needed because current efforts to grow the economy were not working. "The Ruth Richardson bare austerity approach … it's not delivering the economic growth we need. Unless we have these kinds of bespoke initiatives, with tax incentives and self-consenting powers, I fear we're just going to be stuck in a rut talking about the same things year after year … and that's not good enough." Only a small degree of contortion is required for the Regional Development Minister Shane Jones to enter the nation's equal-biggest jet fuel tank. Photo: RNZ / Peter de Graaf He said the party wanted to table Special Economic Zone legislation in the coming year, or take the policy to the next election. Jones was typically provocative when describing how consenting in a Special Economic Zone might work. "When the zone is created any conditions of an environmental resource management character should be written into the zone. And then, my view is, you just have a couple of engineers in a tin shed somewhere, they can quickly consent things. This business of constipating and protracting all these resource consent processes is making the country broke." The Marsden Point zone, if created, could incorporate the former oil refinery site, the proposed Northport extension, and a planned dry dock facility for servicing large vessels such as Navy ships and Cook Strait ferries. Z Energy chief executive Lindis Jones and corporate affairs general manager Haley Mortimer with Regional Development Minister Shane Jones (centre) in the 18-metre-deep jet fuel tank. Photo: RNZ / Peter de Graaf A rail link between the port and Northland's existing railway line was also vital for the development of Marsden Point, Jones said. Meanwhile, the aviation fuel tank the ministers came to inspect was being constructed by Channel Infrastructure on the former Marsden Point oil refinery site. Jones said it would boost New Zealand's resilience at a time of increasing geopolitical instability. Channel chief executive Rob Buchanan said the 30-million-litre tank had previously been used for crude oil and was being adapted for jet fuel at cost of up to $30m, in partnership with Z Energy. It would hold enough fuel for 10,000 flights between Auckland and Wellington. Once complete it would increase total storage of jet fuel, petrol and diesel at Marsden Point to about 300 million litres. Channel Infrastructure chief executive Rob Buchanan and Regional Development Minister Shane Jones atop a 30-million-litre jet fuel tank. Photo: RNZ / Peter de Graaf Buchanan said it was not the only project bringing life back to the site where oil refining ended in 2022. "One of the projects we're working on very actively at the moment is repurposing the old refinery into a biorefinery, which could produce diesel and jet fuel. That's with some international partners because it would be a very significant amount of capital investment. It'd be really exciting to bring back manufacturing capacity," he said. Buchanan would not say what would be used as the raw material, citing business confidentiality. A decision as to whether the biorefinery would go ahead was expected next year. Both Jones and Peters expressed disappointment at the oil refinery's closure , but with the cost of reopening it estimated at $5-7 billion, Jones accepted that was not going to happen. "We're over that chapter and we have to support new industry and new investment," he said. Regional Development Minister Shane Jones with Channel Infrastructure chairman James Miller, chief executive Rob Buchanan and operations general manager James Stewart inside the 30-million-litre jet fuel tank. Photo: RNZ / Peter de Graaf Peters said the Marsden Point rail project, which was part of the coalition agreement, was continuing to make progress. Almost all the land required had been bought and KiwiRail had completed the design work. The 19 kilometre rail spur between Oakleigh, south of Whangārei, and Northport had initially been estimated to cost $1 billion. Peters said he would not accept such a high cost. In the coming weeks KiwiRail would share its designs, on a confidential basis, with other potential builders, he said. "We're going to get value for money. And if we don't get it from New Zealanders we'll get it from international competition. That's why I can guarantee you we're not talking about a billion dollars or anything like it." Construction had originally been due to begin in late 2026 or early 2027 but Jones said that had been delayed. The other major project planned for Marsden Point was a dry dock expected to cost $400-500m. Jones said it would be a public-private partnership part-funded by the Regional Infrastructure Fund. Shortlisted companies had until May to submit Requests for Proposal. Jones said the government was "getting closer" to choosing a successful bidder. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

Listen: Nicola Willis and Carmel Sepuloni go head-to-head on Morning Report's new political panel
Listen: Nicola Willis and Carmel Sepuloni go head-to-head on Morning Report's new political panel

RNZ News

timean hour ago

  • RNZ News

Listen: Nicola Willis and Carmel Sepuloni go head-to-head on Morning Report's new political panel

Nicola Willis and Carmel Sepuloni. Photo: RNZ Unemployment is forecast to hit a nine-year high in figures due out on Wednesday. Economists expect the rate to rise to 5.3 percent for the June quarter - the highest since the end of 2016. Wage growth is also expected to cool further. National deputy leader Nicola Willis and Labour deputy leader Carmel Sepuloni debated this, along with emergency housing, on Morning Report 's new political panel. Willis said the government was working hard to try and bring unemployment down. She was mindful that at the time of the last election in 2023 experts were forecasting that unemployment would be 5.4 percent by now. She said by managing the basics well, such as inflation and interest rates, the jobless numbers would drop. Sepuloni responded that thousands of jobs had been lost in the construction sector in the last 18 months because the government had axed Labour's projects. The health sector had a hiring freeze and this meant thousands of jobs went unfilled. Willis said people's livelihoods were the main reason the government needed to get the economy growing and this would encourage employers to hire more. On the topic of homelessness she said the government was working closely with community social services to try and reduce the numbers. However, Sepuloni countered that the government's changes to the emergency housing criteria were a major reason for more people couch surfing or sleeping in risky situations. "We're really concerned about what the criteria are ... the vast majority are not homeless because they're on P ..." Listen to the full panel above or on our app. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

Live: Nicola Willis and Carmel Sepuloni go head-to-head on Morning Report's new political panel
Live: Nicola Willis and Carmel Sepuloni go head-to-head on Morning Report's new political panel

RNZ News

time2 hours ago

  • RNZ News

Live: Nicola Willis and Carmel Sepuloni go head-to-head on Morning Report's new political panel

Nicola Willis and Carmel Sepuloni. Photo: RNZ Unemployment is forecast to hit a nine-year high in figures due out on Wednesday. Economists expect the rate to rise to 5.3 percent for the June quarter - the highest since the end of 2016. Wage growth is also expected to cool further. National deputy leader Nicola Willis and Labour deputy leader Carmel Sepuloni discuss this, along with emergency housing, and the plan to drop NCEA, on Morning Report 's new political panel. Listen above, on our app, or on your local RNZ frequency from about 8.10am. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store