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Jonathan Young: Ara Ake Head of Industry and Government Engagement on the impact of the rapidly declining gas supply
Published 10 months, 2 weeks ago
Description
The speed of decline of our gas supply could be hampering the transition to alternative energy.
A Business NZ survey of commercial and industrial users shows average price rises have topped 100% in the past five years.
Nearly half made various cuts to their business.
Energy innovation centre Ara Ake's Jonathan Young told Kerre Woodham supply's fallen a lot quicker than anyone expected.
He says it's hurting as companies try to transition.
Young says it's like a relay runner falling short ahead of the baton exchange, and it's leading to de-industrialisation.
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