Pete Hodgson called in to look at power cut issues

Ian Llewellyn
Wed, 18 Aug 2021

Pete Hodgson called in to look at power cut issues
Energy minister Megan Woods has called on former energy minister to look at power cut issues. (Image: Getty)
Ian Llewellyn
Wed, 18 Aug 2021
Former Labour energy minister Pete Hodgson will run an inquiry into what caused the August 9 blackouts and what may prevent a repeat.Notably the terms of reference released by the current energy minister Megan Woods, specifically exclude considering ownership or institutional governance arrangements in the sector. They also exclude addressing methods to reduce electricity demand or to encourage generation investment.Both of these points will disappoint those who argue the blackouts are evidence of the need for major change or government interve...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
F&P Healthcare drags NZX 50 lower
Dan Brunskill | Wed, 25 May 2022

Markets were also surprised by RBNZ's plans to keep hiking the official cash rate until it hit 4%.

Homeowners to feel pain next year when home rates hit 6%
Brent Melville | Wed, 25 May 2022

There's no need for leveraged homeowners to panic as interest rates ratchet up, but stress could start being felt downstream as more rate hikes seem on the cards.

Reserve Bank will hike but not as much as it says
Rebecca Howard | Wed, 25 May 2022

The Reserve Bank of NZ now expects the official cash rate to peak at 3.9% in June 2023, up from its February view that it would peak at 3.4% in September 2024.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager