UPPDDATE

KUPU A TE HEAMANA ME TE POU WHAKAHAERE.

Aotearoa New Zealand, and society at large, is undergoing transformational change as rapid technological advancements, evolving societal expectations and climate change intensification converge. This has created substantial opportunity for electrification as a catalyst for a lower-emissions, higher-growth economy. The energy sector will be a significant contributor to the country achieving its climate change goals through electrification.

The 2020s are the critical decade for progress. We are working hard to actively shape the pathway to support this increasing demand for renewable energy, alongside other sector participants.

SNAPSHOT.

SCALED BUSINESS DELIVERING

Our performance reflects the impact of significant investment to increase scale.

We are investing significantly to deliver at scale and pace, contributing to a major uplift in the annual national development rate of renewable generation, which is expected to be over three times higher in the first half of this decade (2021-2025), than the entire previous decade (2011-2020)1.

We are committed to delivering on our purpose:

Tiakina te anamata, mā te tūhono i ngā tāngata me ngā wāhi o te inamata. Taking care of tomorrow: Connecting people and place today.

Delivering More Generation

We continued to execute new renewable generation projects and enhance existing assets.

We are becoming a more progressive, future-fit organisation with greater flow and delivery of the most valuable work. Electricity Authority, 2023 Generation Investment Survey' Annual development rate is based on projects completed or committed.

Innovating For Customers

We focussed on empowering customers through innovation, giving them greater choice and enhanced experience.

Collaborating For Success

We worked with others to ensure a balanced, collective view of the energy transition.

EMPOWERING TALENT & OPTIMISING PERFORMANCE