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25 Jun 2024 1:49
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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


    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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     22 Jun: Conspiracy theorists often talk about the 'deep state'. This is what one might actually look like
     22 Jun: Emotional and financial harm for Northland businesses following a massive power outage
     21 Jun: Resource management is always political – the Fast-track Approvals Bill is just honest about it
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    As you've heard in the news - Scott Barrett is the new captain of the All Blacks More...

    BUSINESS BUSINESS
    The Warehouse is strapping in for a very bumpy year More...


     Today's News

    		 Environment:
    Fire breaks out at South Korean battery plant, at least 22 people dead 23:37

     Accident and Emergency:
    A search underway this evening for a missing fishing boat off the Gisborne coast has been suspended until tomorrow 21:57

     Entertainment:
    Amy Poehler was a mix of "anxiety and joy" as a teenager 21:30

     Accident and Emergency:
    Police have received reports of a missing fishing boat in Gisborne 21:17

     Entertainment:
    Nicole Kidman has been hailed a "queen" by her friend Naomi Watts after she turned 57 21:00

     Entertainment:
    Lupita Nyong'o developed a vocal cord polyp due to the "super-positive voice" she used to play a robot in her upcoming film 20:30

     Entertainment:
    Eva Longoria is said to have "no bad blood" with her former 'Desperate Housewives' co-stars Teri Hatcher and Nicollette Sheridan 20:00

     Netball:
    The Mystics are welcoming the inclusion of Grace Nweke for tonight's ANZ Premiership clash against the Magic 19:47

     Entertainment:
    Kevin Costner loves the idea of falling in love again 19:30

     International:
    Volkswagen Beetle: How Mexico is keeping alive the legacy of one of the world's most beloved cars 19:27

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