There's a view businesses have been taken by surprise by surging gas prices. 

Energy management company Optima and Business NZ's joint survey reveals gas prices have risen by more than 100% on average in the past five years. 

Nearly half report it's led to them reducing operations, increased prices, or cutting staff. 

Business NZ Energy Council Executive Director Tina Schirr told Mike Hosking they didn't know how quickly supply would dwindle. 

She says they knew there'd be moderate reduction over the next few years, but didn't think it'd be this steep over the last two years. 

LISTEN ABOVE 

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

There's a view businesses have been taken by surprise by surging gas prices.&nbsp;
Energy management company Optima and Business NZ's joint survey reveals gas prices have risen by more than 100% on average in the past five years.&nbsp;
Nearly half report it's led to them reducing operations, increased prices, or cutting staff.&nbsp;
Business NZ Energy Council Executive Director Tina Schirr told Mike Hosking they didn't know how quickly supply would dwindle.&nbsp;
She says they knew there'd be moderate reduction over the next few years, but didn't think it'd be this steep over the last two years.&nbsp;
LISTEN ABOVE&nbsp;
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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