Low fixed charge regs to go as Govt looks to reduce household power costs
The government’s low fixed charge regime for power pricing is to be phased out as part of a suite of measures intended to put downward pressure on household electricity costs and increase competition. The 15-year-old regulations, originally intended to encourage power conserva...
Gas investment needed for renewables back-up
New gas-based businesses may need to be developed to ensure the country has sufficient flexible fuel resources to back up its growing fleet of renewable generation, the Gas Industry Company says.Use of gas in power generation and for petrochemical production is expected to fall d...
UPDATE: 8 Rivers CCS project in $60m capital raise, drops bid for govt funds
(Adds GNS comment on NZ storage potential in 22nd paragraph, removes reference to NET Power in 19th.) By Gavin Evans Oct. 1 (BusinessDesk) - The promoter of a $4 billion carbon capture and storage project that would establish a New Zealand fertiliser export industry has aba...
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Rural land sale cleared Bathurst's Canterbury expansion
By Gavin EvansOct. 1 (BusinessDesk) - Bathurst Resources has been cleared to buy a 31.5 hectare rural "lifestyle block" to extend its Canterbury coal mining operations just five months after Land Information Minister Eugenie Sage blocked expansion of a gold mine in the Bay of Ple...
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