More government cash for the three Crown-controlled gentailers
More government cash for the three Crown-controlled gentailers
1 October 2025
That's the biggest change to come from this morning's energy announcement - alongside plans for a new LNG import facility.
Energy Minister Simon Watts says a report concluded sector players weren't confident they could ask the Government for money to fund new generation projects.
He says increasing capital - and creating an LNG backstop for dry years - will help the market.
He says some of the changes will have an immediate effect - and he guarantees his Government's actions will put downward pressure on prices Kiwis pay.
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