Editing Economy of New Zealand (section)

==== Electricity ====
{{main|New Zealand electricity market|Electricity sector in New Zealand}}
The [[electricity market]] is regulated by the Electricity Industry Participation Code administered by the [[Electricity Authority (New Zealand)|Electricity Authority]] (EA).<ref>{{cite web|title=The Code|url=https://www.ea.govt.nz/code-and-compliance/the-code/|publisher=Electricity Authority / New Zealand government|access-date=11 November 2016}}</ref> The electricity sector uses mainly [[renewable energy|renewable energy sources]] such as [[Hydroelectricity|hydropower]], [[geothermal energy|geothermal power]] and increasingly [[wind energy]].

The 83% share of renewable energy sources<ref name="nzcpe">{{Cite web|title=Climate explained: why switching to electric transport makes sense even if electricity is not fully renewable|url=https://blog.planetaryecology.org/2020/05/19/climate-explained-why-switching-to-electric-transport-makes-sense-even-if-electricity-is-not-fully-renewable/|last=nzcpe|date=18 May 2020|website=Planetary Ecology|language=en-GB|access-date=20 May 2020}}</ref> makes New Zealand one of the most [[Sustainable energy|sustainable]] economies in terms of electricity generation;<ref>{{cite web|title=New Zealand Commits to 90% Renewable Electricity by 2025|date=26 September 2007 |url=http://www.renewableenergyworld.com/articles/2007/09/new-zealand-commits-to-90-renewable-electricity-by-2025-50075.html|publisher=RenewableEnergyWorld.com|access-date=11 November 2016}}</ref> in terms of total energy consumption in the New Zealand economy, this represents the 30% that comes from renewable sources.<ref>https://www.mbie.govt.nz/dmsdocument/27344-energy-in-new-zealand-2023-pdf {{bare URL inline|date=February 2024}}</ref> New Zealand suffers from a geographical imbalance between electricity production and consumption. The most substantial electricity generation (both existing and as remaining potential) is located on the South Island and to a lesser degree in the central North Island, while the main demand (which is continuing to grow) is in the northern North Island, particularly the [[Auckland Region]]. This requires electricity to be transmitted north through a power grid which is reaching its capacity more often.