Govt's energy move in response to shortage is ‘baby steps’, Vector says

Lines company Vector is cautious on the idea of going into electricity generation. (Image: NZME)

Wed, 28 Aug 2024

The Government’s moves to address the energy shortage are just “baby steps”, Vector chief executive Simon Mackenzie says.On Monday, ministers announced a range of measures to deal with concerns about a lack of fuel and higher wholesale prices.Among them was a proposal to loosen restrictions on lines companies owning and running generation, with the seeming policy intent of increasing the pool of generators in the market.The 1990s reforms ended up with lines companies restricted from retailing and limited in generatio...

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