The Energy Minister says the Government will make sure the energy sector is more competitive - and better for customers.

Cabinet has agreed to import more Liquefied Natural Gas and fast-track reforms to make it easier to build renewable energy farms in light of sky-high power prices pressuring big industry users.

Minister Simeon Brown says more competition and regular reporting will stop companies from price-gouging. 

"I share Shane Jones's concerns - I share his concerns around excessive prices and the impact that they're having."

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