Posted on August 18, 2010

The Minsitry of Economic Development (MED) has today released a report completed by Energy Link which validates the modelling and assumptions behind the electricity prices published in MED’s Energy Outlook. MED currently produces and publishes the New Zealand Energy Outlook on an annual basis and includes projections of demand, energy supply and greenhouse gas emissions to 2035. In anticipation of market reforms, including publication of a Statement of Opportunities (SOO) for electricity, which will require MED to scale up its modelling activities, MED sought external validation of the processes and inputs used to create the long term electricity projections.

Energy Link was engaged by MED in March 2010 to undertake “parallel modelling” of MED’s Energy Outlook Reference Scenario (2009 version) and to comment on MED’s approach to modelling electricity prices in the Reference Scenario.

Read the full report >>

Greg Sise, Managing Director