Natural gas makes a significant contribution to New Zealand’s energy mix and to the economy. It underpins electricity supply security, supports a substantial petrochemical manufacturing sector and is used by many export industries and over 266,000 consumers.
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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.