Renewables hit 20-year high in New Zealand electricity mix

Xinhua News Agency

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The proportion of renewable generation in New Zealand's electricity production hit a two-decade high last year, the Ministry of Business, Innovation and Employment (MBIE) said Thursday.

"At 80.7 percent, the share of renewable electricity generation is the highest it's been since 1995," MBIE manager of energy and building trends James Hogan said in a statement.

Electricity generated from hydro stations, wind and geothermal sources was up 4.6 percent from 2014, according to MBIE's New Zealand Energy Quarterly report.

Electricity demand last year was up 1.2 percent from 2014, with the largest increase of 9 percent in the agriculture, forestry and fishing sector.

"The data also shows a 0.5-percent increase in residential demand over the same period, which is in contrast to the falling trend observed in recent years," Hogan said.

Demand for diesel reached a record high in the quarter ending December last year, rising 3.3 percent year on year, while petrol demand increased 2.8 percent, as price fell over the same period.

"Demand for diesel is considered to be a lead indicator of economic performance by market commentators because of its use as a primary fuel for commercial land transport," Hogan said.