The New Zealand government has scrapped a proposed power bill levy to fund an LNG import terminal, instead assigning the cost of securing electricity supply during dry years to power generators, with new rules and penalties to ensure compliance and reduce household energy costs.
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So the government's scrapping plans for a levy read tax to pay for the billion dollar LNG import terminal. They haven't been very clear though on how it will be funded. It expects to sign a contract with a provider later in this year. So to talk about this and the funding, I'm joined by Energy Minister Simeon Brown. Hello, Simeon. First of all, why no levy?
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systemic risk shifting to power companies
Simeon Brown: Energy Minister on the Government pressing on with LNG Import Facilityshifting responsibility to the electricity sector
Securing Affordable Energy: power companies made responsible for winter back-upSpotted something wrong on this page? Report a correction.