New Zealand government introduces Policy Statement on electricity for affordable, competitive energy, promoting renewable generation and private sector involvement.

New Zealand's Government has introduced a Policy Statement (GPS) on electricity aimed at ensuring affordable and secure energy at competitive prices. Energy Minister Simeon Brown highlighted the significance of accessible electricity for economic growth. The GPS calls for the Electricity Authority to foster a competitive, fuel-agnostic sector while doubling renewable generation to meet rising demand. It seeks to create a stable investment climate to encourage private sector participation and consumer benefits.

October 10, 2024
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