The Energy Minister says rising power costs are because of low supply.

Heavy business users have warned spiking prices threaten their viability - including timber mills facing possible closure.

The Electricity Authority and Commerce Commission has been asked to look at whether power companies are price gouging.

The Government is also looking to import more liquefied natural gas.

Simeon Brown says the last Government's ban on gas exploration was detrimental.

"The key thing is that we have a shortage of energy - and that is what is driving this situation." 

LISTEN ABOVE

The Energy Minister says rising power costs are because of low supply.
Heavy business users have warned spiking prices threaten their viability - including timber mills facing possible closure.
The Electricity Authority and Commerce Commission has been asked to look at whether power companies are price gouging.
The Government is also looking to import more liquefied natural gas.
Simeon Brown says the last Government's ban on gas exploration was detrimental.
"The key thing is that we have a shortage of energy - and that is what is driving this situation." 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

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