Government's positioning: bold builders of (legacy) energy infrastructure, low-regulation, market-driven solutions. Now: $1b LNG terminal levy withdrawn, replaced by $10m fines on gentailers for failing supply. Builds abandoned. Regulation tightened. Market not trusted. Rhetoric vs. reality. #nzpol
www.rnz.co.nz
But Simeon Brown has announced steeper fines for power companies who fail to shore up supply to fund the project.
