Gas sector at odds with Transpower over proposal to close down wholesale market

Transpower says it is not interested in running a wholesale gas market. (Image: Getty)

Wed, 29 May 2024

Transpower says the wholesale gas market run by the subsidiary it wants to close down is small, and closure will make little difference. However, others in the sector say it is the only viable option for some gas users.On Monday, Transpower said it would close emsTradepoint (EMS), as it was a non-core business unless a suitable new owner could be found.Several participants in the market, including gas suppliers, users and regulators have expressed concern to BusinessDesk about the impact.The gas market is tight and the government has set up a g...

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