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Lakes refill but concerns remain about next winter

15 Oct 2024

 

Lake Pūkaki returned to its long-term average storage level for the first time since May.

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Climate Change and Energy Minister Simon Watts with International Energy Agency head Fatih Birol last week

Govt plan to encourage new energy investment won’t cut costs for ordinary Kiwis

Today 12:00pm

By Liz Kivi | While gentailers and major energy users have welcomed the Government’s plan to leverage public sector demand to drive new energy projects, an expert says it is unlikely to reduce prices for ordinary people.

Gas and energy industry specialist, Andy Knight, has been named as chair of the Gas Security Fund

Gas security fund panel named – but projects still hush-hush

Today 12:00pm

The Government’s $200m Gas Security Fund has attracted interest from “several” entities, but officials are refusing to disclose who is circling or what types of projects are being put forward, leaving the market to take the programme’s credibility largely on trust.

Kaiwera Downs Wind Farm

Mercury ramps up renewable investment with $1b pipeline

Wed 25 Feb 2026

Mercury is accelerating investment in wind, geothermal and hydro assets, reinvesting $270 million — half its half-year earnings — into new and existing renewable generation.

Genesis Energy chief executive Malcolm Johns

Government invests $200m towards Genesis Energy's $400m capital raise

Mon 23 Feb 2026

The Government has confirmed it will buy up to $200 million of new Genesis Energy shares as part of a capital raise announced by the company this morning.

Govt’s own modelling shows LNG leads to higher electricity prices than other solutions

19 Feb 2026

By Christina Hood | COMMENT: According to modelling conducted by Concept Consulting for MBIE, either developing the Tariki gas storage facility or managing electricity demand would deliver lower wholesale electricity prices than the Government’s preferred solution of an LNG import terminal.

Renewables could meet energy gap without LNG imports: report

18 Feb 2026

By Shannon Morris-Williams | Importing liquefied natural gas to support electricity supply could lock households and businesses into higher energy costs for decades, while cheaper and more secure alternatives are already available, according to a new report from the New Zealand Green Building Council.

Flawed decision-making around taxing electricity to fund LNG import terminal

16 Feb 2026

By Simon Orme | COMMENT: The Government's decision to back an LNG import terminal exemplifies an egregious failure in public policy and energy sector governance.

Lawyers for Climate Action executive director Jessica Palairet

Lawyers seek answers on climate impacts of LNG import facility

13 Feb 2026

By Shannon Morris-Williams | Lawyers for Climate Action has written to Climate Change and Energy Minister Simon Watts warning that the Government's plan for an LNG import terminal could be in conflict with New Zealand’s climate obligations and emissions reduction targets.

Climate Change and Energy Minister Simon Watts, left, with Resources Minister Shane Jones, centre, at a breakfast event yesterday hosted by fossil fuel lobby group Energy Resources Aotearoa

LNG plan risks fossil fuel dependency: Environment Commissioner

11 Feb 2026

By Pattrick Smellie | Importing liquefied natural gas risks creating a “new path dependency on fossil fuel” unless LNG is ring-fenced for use only in the electricity system and only during extended periods of hydro-electricity water shortages, says the Parliamentary Commissioner for the Environment, Simon Upton.

Prime Minister Christopher Luxon and Climate Change Minister Simon Watts made the announcement yesterday.

Govt backs LNG imports

10 Feb 2026

By Pattrick Smellie | The Government will rush to put in place contracts for the construction of a liquefied natural gas import facility by mid-year, claiming it will smooth electricity price volatility and underpin investment in renewable energy projects.

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