Fuel is a key economic enabler. Disruptions to fuel availability and/or price changes have considerable impacts on both regional and national economies. Understanding the potential impacts of any disruption can help decision-makers to determine the best mitigation and management strategies.
The Ministry of Business Innovation and Employment (MBIE) engaged Market Economics Ltd (M.E) and Resilient Organisations to evaluate the economic consequences of fuel outage scenarios, with and without mitigation options to better understand the impact of disruption and potential value of mitigation actions for New Zealand. The economic evaluation is undertaken using MERIT’s (Measuring the Economics of Resilient Infrastructure Tool) Dynamic Economic Model. MERIT is applied to five disruption scenarios including international fuel supply disruption, refinery disruption scenarios and refinery to Auckland pipeline disruptions.
The project findings contributed to the Board of Inquiry into the 2017 Auckland Fuel Supply Disruption.
Joint Managing Director
Resilient Organisations Ltd
e : [email protected]
This project was commissioned by the Ministry of Business, Innovation and Employment,
The full project report is available from the MBIE website.