Transpower planned to close NZ's only gas trading platform immediately

Gas is getting more expensive. (Image: NZME)

Wed, 24 Jul 2024

Transpower had originally planned to close the country’s only gas trading platform with little or no notice, documents from the Ministry of Business, Innovation and Employment show.The state-owned enterprise announced on May 27 it would close emsTradepoint on Sept 1 as it was not core business. It also said there had been no interest shown in buying the business when it tested the market last year.A week later Transpower said there had been interest in taking over its subsidiary and negotiations were under way, which could delay the closu...

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