Govt must intervene in ‘energy crisis’ now, demands manufacturing alliance

The Karioi pulp mill closure is being blamed on high electricity prices. (Image: NZME)

Fri, 23 Aug 2024

The coalition Government wants to grow our economy and double exports.That is not going to happen when, through its lack of action, it is effectively contributing to de-industrialising New Zealand.With exorbitant electricity costs, the NZ economy is becoming highly unattractive as an investment target for foreign manufacturers. At the same time, the Government reaps the dominant share of profits from our electricity generators.Energy crisisWe need immediate Government intervention to address wholesale electricity prices; the current market mode...

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