Articles tagged with Power Companies
Government Ensures Capital Support for Vital Electricity Infrastructure Investments in New Zealand
3 days ago | 77 viewsThe Government assures power companies it will provide capital for critical electricity infrastructure investments to ensure energy security and competitiveness. Measures include supporting equity injections for strategic projects and addressing gaps in the energy system to lower consumer prices. The Energy Package focuses on security of supply through LNG import facilities and building better markets by incentivizing new energy projects and strengthening regulatory bodies.
Tags: Government power companies investment electricity infrastructure Nicola Willis Crown MOM companies energy security Simon Watts New ZealandEnergy Minister Hails New Rule to Boost Competition and Lower Power Prices
1 month ago | 241 viewsEnergy Minister Simon Watts welcomes a new rule by the Electricity Authority to boost retail competition among smaller power companies, aiming to lower power prices for struggling Kiwis. The rule will prevent large power companies from cross-subsidizing themselves and offering discounts, creating a level playing field for all competitors. These changes, developed under the Energy Competition Task Force, aim to encourage investment in new generation and improve economic outcomes, with further improvements to be consulted on later this year.
Tags: Simon Watts Electricity Authority Kiwis Government Energy Minister Power companies Competition Electricity market Consumers Energy prices