'Eye-watering' energy prices possible for next five years

'Eye-watering' energy prices possible for next five years
NZ's largest gas user Methanex has cut production to ease gas supply pressure
Ian Llewellyn
This year’s gas shortage is likely to be repeated next winter, pushing up energy prices, placing further pressure on large gas users and electricity supply, according to advice to the sector.Last week, Methanex agreed to cut methanol production and sell its contracted gas to Genesis to ease the energy crunch in a two year deal.This followed a preliminary report by the sector’s regulator – the Gas Industry Company (GIC) - warning investment was needed to maintain the current gas supply and without this, there is a ris...

More Policy

Congestion charge bill introduced
Economy

Congestion charge bill introduced

Auckland Mayor Wayne Brown welcomed the bill.

Business of Government: Brickbats and bouquets edition
Policy

Business of Government: Brickbats and bouquets edition

Our final weekly round-up of public sector news and analysis for 2024.

Fast-track passes and the pendulum swings
Policy Analysis

Fast-track passes and the pendulum swings

Private interests, public good and the fate of frogs.

Ian Llewellyn 17 Dec 2024
Harbour crossing drilling to start in 2025
Policy

Harbour crossing drilling to start in 2025

Geotech investigations for NZ's biggest transport project due to start next February. 

Oliver Lewis 17 Dec 2024