The Government's opted against a significant energy shake-up -- rejecting calls to re-nationalise or split up the big gentailers.
Instead, it'll offer the Crown-controlled companies more capital to invest in generation projects.
It will also establish a Liquified Natural Gas import facility, give the Electricity Authority greater power, and speed up consenting renewable energy projects.
Meridian is supportive of the announcement, calling it bold.
CEO Mike Roan told Kerre Woodham the affordability of electricity is a challenge that’s mitigated by the investments made into new generation.
He says the Government is trying to bolster those investments to bring stability and certainty back to the market.
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Kerre Woodham Mornings Podcast