Podcasts Other The Mike Hosking Breakfast Shane Jones: Regional Development and Associate Energy Minister says we need to split up the power of large gentailers to make energy prices competitive

Shane Jones: Regional Development and Associate Energy Minister says we need to split up the power of large gentailers to make energy prices competitive

Published: Sept. 10, 2024, 7:57 p.m.

Shane Jones says "structural change" to the energy sector is definitely on the agenda following the closure of two central North Island mills.\xa0

Winstone Pulp has confirmed it\u2019s closing its two mills near Ohakune, with 230 people set to lose their jobs.\xa0

Jones says the Government can't control factors like global commodity prices, foreign exchange rates, and global shipping logistics.\xa0

But the Regional Development and Associate Energy Minister told Mike Hosking the power of large "gentailers" needs to be broken up to make energy prices more competitive.\xa0

He says the aluminium sector is looking towards importing, there's uncertainty for corn growers, and the country's biggest gas user Methanex has been facing issues.\xa0

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