Our strategy and priorities
We're working with the sector to enable decarbonisation, electrify the economy and achieve a net zero carbon future.
On this page —
Our strategic objectives
We want to achieve a sustainable, accessible, secure and resilient energy system to improve long-term outcomes for consumers and New Zealand.
As New Zealand's electricity regulator, we do this by carrying out our regulatory functions, and engaging and collaborating with others to build trust and confidence in the energy system and in the Electricity Authority.
Our strategy is focused on achieving an electricity system that is:
- Sustainable – Consumers can access a mix of renewable generation, storage and technologies. They can control their energy use, reducing costs and improving our environment.
- Accessible – Consumers have simple and stable options to access energy. They can choose their energy supplier(s) from a competitive and efficient market.
- Secure and resilient – Consumers have trust and confidence in their energy supply. It’s reliable, secure and responsive to shocks.
See our Annual Corporate Plan 2023/24 for our work programme for the year ahead.
Our vision
Our vision is for consumers to have choices in accessing the energy they need now, and in the future, to ensure they and New Zealand prosper.
Our priorities
New Zealand has committed to transition to net zero greenhouse gas emissions by 2050. Electricity will have a key role to play in achieving this climate ambition. Aotearoa will require large quantities of new renewable electricity generation, increased use of distributed energy resources, new ways to participate and more participants. It will change the dynamics of the electricity system and markets.
It's our priority to ensure that the low-emissions transition is as efficient as possible while maintaining energy security, system adaptability, and affordability for all New Zealanders. Our priorities are:
- System security and resilience – Making sure market rules enable innovation and investment in generation while ensuring a reliable electricity system.
- Enabling investment and innovation – Promoting investment and supporting the uptake of new technologies for more dynamic management of the power system.
- Consumer protection – Improving protections for consumers and small businesses, improving how we monitor the retail market and the conduct of retailers.
- Monitoring, compliance, education and enforcement – Promoting a stable regulatory environment by strengthening our compliance activities and improving data disclosure to support decision making.
- Building trust and confidence – Improving our capability and capacity to deliver a stable investment framework and regulatory environment to enable effective decision making that benefits consumers.
Powering the future
