Stranded assets, increased costs: climate uncertainty for gas firms

There are fears current regulatory regimes are not ready for changes due to climate change policy. (Image: Deposit photos)

Ian Llewellyn

Thu, 21 Oct 2021

Gas businesses have told the Commerce Commission they are worried current regulation is not fit to cope with climate change policy that could strand assets and increase costs.The regulator is considering views on whether the rules setting price pathways for regulated businesses will need to change to deal with the uncertainties.The government has been warned to think carefully about the transition away from gas with the potential for more than $5 billion in costs to households and businesses.Gas pipelines currently supply over 760,000 resi...

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