New Zealand’s energy system is teetering on a knife-edge. Households are paying record-high power prices, industries are losing faith in supply security, and investors are quietly shelving projects because they don’t like unnecessary insecurity and fear rising costs. Today, the Government has unveiled its response to the Frontier Economics review of the electricity market which is a 270-page report warning that, without bold action, dry-year risk could “drive industry out of New Zealand.”
