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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power companies bear supply risk costs
Energy Minister Simeon Brown promises new generator rules will put 'downward pressure' on power billsnew rules to secure generation during low-hydro periods
Government backs down on levy to fund new LNG import terminalSpotted something wrong on this page? Report a correction.
