Press Release – Auckland Business ChamberBusiness leaders say the set of energy market reforms proposed by the Government today contains a number of positive elements, but that ultimately it does not go far enough to address energy sector challenges or deliver the bold action that is desperately needed. The Government today released its response to a major review of the performance of the energy sector by international consultancy Frontier Economics. That could take the form, for instance, of underwriting back-up energy supply (for periods when wind and solar energy can’t generated) and/or by separating the generation and retail functions of the four gentailers. “Without these sorts of measures, energy is going to continue being a handbrake on New Zealand’s economic prospects into the future. “Ultimately, this was a missed opportunity to transform the contribution that energy can make to our country, and to demonstrate the Government’s commitment to growth and productivity.”Content Sourced from scoop.co.nzOriginal url