Removing the Low Fixed Charge Tariff regulations is essential for creating a fairer playing field for all New Zealand households. While all households are expected to benefit in the long term from the regulations being removed, some households may face higher power bills.

87% of electricity generated over 2022 came from renewable sources, the Ministry of Business, Innovation and Employment (MBIE) annual report into the energy sector shows.

The Government has stopped investigations into a pumped hydro scheme at Lake Onslow. MBIE will continue work to ensure sufficient energy storage for electricity generation, as part of its wider electricity system work programme. The following information, and other NZ Battery Project webpages, outline the work completed on Lake Onslow pumped hydro and other potential dry year solutions as part of the Project.

We have a central role in governing, monitoring and advising on the gas market to ensure that gas is delivered in a safe, efficient, fair, reliable and environmentally sustainable manner.