2 mins to read The Budget initiative to reduce gas consumption The Government will also legislate for greater transparency around gas supply and demand. As gas reserves decline the Government wants to help businesses switch to other forms of power. Mon, 25 May 2026 © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. The Coalition Government is putting aside $48 million in this week’s Budget to underwrite a loan scheme to help businesses switch
from gas to electricity or bio energy. Under the Gas Transition Loan Guarantee Scheme the Crown will guarantee 80% of each supported loan in return for banks passing Want to read more? It’s easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385+GST / monthly $38.5 per user – Pay by monthly credit
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$499). View terms and conditions. Mon, 25 May 2026 Contact the Writer: editor@nbr.co.nz News tip? Question? Typo? Let us know: editor@nbr.co.nz © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Natural gas electricity businesses Budget 2026 Coalition Government Nicola Willis Simeon Brown Shane Jones Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day. Related News Govt confirms LNG facility for Taranaki NZ needs
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Budget 2026, gas transition, loan guarantee scheme, electricity, bio energy, gas supply and demand transparency, Coalition Government