The ODT reports:
The move has alarmed the Petroleum Exploration and Production Association of New Zealand, which suggests it would be ironic if the Government's 2018 ban on offshore oil and gas exploration were to cause ministers then to intervene and claim there had been “market failure” because of a shortage of natural gas supplies.
The proposal is buried deep in a paper taken to the Cabinet by the current energy minister, megan woods, on December 11 last year and released proactively late last week. It covers a wide range of recommended actions aimed at alleviating energy poverty and keeping an eye on how the fast-changing electricity market develops.
The one-line reference suggests ministerial intervention could be developed aa “low-impact option” in the event of “market failure”.
“A possible option is the provision of emergency powers to reallocate electricity or gas in situations of acute electricity or gas shortage.”
It's beyond ironic. The Government bans offshore gas exploration and then says oh it is worried we may have gas shortages, so we need more powers in case of shortages.
Dumb meet dumber.