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11 Feb 2026 10:56
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  •   Home > News > Business

    The Energy Minister's now claiming the money gathered to pay for building a new LNG import facility - is neither a levy nor a tax on consumers

    The Energy Minister's now claiming the money gathered to pay for building a new LNG import facility - is neither a levy nor a tax on consumers

    10 February 2026
    The Government yesterday announced plans for the storage site, to maintain energy supply in dry years.

    Fact-sheets at the announcement outlined a levy will be introduced to cover the infrastructure cost.

    Minister Simon Watts was asked this morning whether that's really just a tax -- but says it's neither, as it's a net-benefit to households.

    The facility's expected to save households about 50-dollars per year.

    © 2026 Newstalk ZB, NZCity


     Other Business News
     11 Feb: A Queenstown lakefront hotel is moving upmarket to meet growing demand from high-end travellers
     11 Feb: Christchurch's new metro sports centre is already undergoing maintenance, less than two months after opening
     10 Feb: It's hoped a pay dispute between Air New Zealand cabin crew and their employer is resolved soon
     10 Feb: People are being urged to buy local tinned fruit, as imports from overseas flood the market
     10 Feb: The former Air New Zealand boss says his time at the airline made him a better leader, as he moves into a new role abroad
     09 Feb: Almost 10-thousand Air New Zealand customers have had their travel plans ruined by upcoming strike action this week
     09 Feb: The Energy Minister says progress will be swift on a new gas-importing facility
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     Today's News

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    Rugby:
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    Soccer:
    Chelsea are on track for their fourth straight win in football's Premier League 10:27

    Entertainment:
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    Maori:
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    International:
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    Business:
    A Queenstown lakefront hotel is moving upmarket to meet growing demand from high-end travellers 10:07

    Entertainment:
    Demi Lovato and Jutes are already planning a special celebration for their one-year anniversary 9:51

    Law and Order:
    Emergency services are looking into the cause of a suspicious house fire in Auckland's Ranui overnight 9:27

    Entertainment:
    Bianca Censori has insisted Kanye West hasn't forced her to appear naked in public 9:21


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