Lake Taupō (also spelled Taupo; Taupō-nui-a-Tia or Taupōmoana) is a large crater lake in New Zealand's North Island, located in the caldera of Taupō Volcano. The lake is the namesake of the town of Taupō, which sits on a bay in the lake's northeastern shore. With a surface area of , it is the largest lake by surface area in New Zealand, and the second largest freshwater lake by surface area in geopolitical Oceania after Lake Murray in Papua New Guinea. Motutaiko Island lies in the southeastern area of the lake.
Lake Taupō has a perimeter of approximately and a maximum depth of . It is drained by the Waikato River (New Zealand's longest river), and its main tributaries are the Waitahanui River, the Tongariro River, and the Tauranga Taupō River. It is a noted trout fishery with stocks of introduced brown and rainbow trout.
The level of the lake is controlled by Mercury Energy, the owner of the eight hydroelectric dams on the Waikato River downstream of Lake Taupō, using gates built i