Watts waves unspecified regulatory stick at electricity sector

Simon Watts is not electrified by the gentailers' moves so far. (Image: NZME)

Tue, 18 Feb 2025

Despite a flurry of activity from the major electricity generators, Energy Minister Simon Watts says he is not yet satisfied that everything possible has been done to avoid a repeat of last winter's energy crunch in the next few months.Watts met the major electricity generators last week, and there was also a meeting of the gas security committee as the sector prepares for possible fuel shortages this winter if the current dry spell continues.The minister told BusinessDesk that he had laid out his expectations about energy security and elec...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket up 0.1%, Fonterra hits $6 mark

While one milk company's fortune waxed another waned.

Graham Skellern 24 Mar 2025

Policy

RMA replacements to end 'culture of no'

The Government looks to Japan as it unveils two replacement planning laws.

Oliver Lewis 24 Mar 2025

Markets

James Hardie agrees to buy AZEK for US$8.7b

The combined company will be listed on the New York Stock Exchange.

The Wall Street Journal 24 Mar 2025

James Hardie agrees to buy AZEK for US$8.7b

Sponsored

Research shows AI-based attacks causing concern and senior leaders overestimating cybersecurity readiness

Research highlights from Datacom’s State of Cybersecurity Index show AI-based attacks are top of mind and senior leaders might be overestimating their organisations’ readiness to recover from cyber incidents.

Datacom

Sponsored