LNG imports and more power to lines companies the Govt's answer to energy crunch

Energy Minister Simeon Brown to smooth path for LNG. (Image NZME)

Mon, 26 Aug 2024

Allowing lines companies to own more electricity generation and smoothing the regulatory path for the importation of liquified natural gas are two of a number of steps outlined by the Government in response to the energy crunch.Cabinet’s response to the shortage of gas and water that has sent wholesale electricity prices to record levels and put pressure on many businesses, is not as radical as many called for but does indicate some major changes for the energy sector.Energy Minister Simeon Brown said the energy shortfall had “...

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