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Energy Minister Max Bradford has welcomed today's reports of petrol companies dropping their wholesale petrol and diesel prices.

The Government has brokered an arrangement between Mercury Energy, GEC (the principle contractor), Transpower and Transrail to dramatically accelerate construction of a temporary electricity supply

The news that the two oil cables supplying Auckland's CBD are not able to be restored has been treated with dismay by the Government, Energy Minister Max Bradford said tonight.

Prime Minister Jenny Shipley and Energy Minister Max Bradford are to meet Auckland Mayor Les Mills on Friday to discuss the power failure in Auckland's central business district.

Energy Minister Max Bradford totally rejects allegations that the Government had known about the "impending crisis" with Auckland's electricity for at least a year.

Energy Minister Max Bradford today announced that the Coalition Government had decided there would be a formal inquiry into the Auckland electricity failure.

Energy Minister Max Bradford welcomed today's announcement that Gull Petroleum would be entering the New Zealand retail petrol market.

Energy Minister Max Bradford today welcomed news that a poll had found businesses expressing overwhelming support for further breaking up of the electricity industry to increase competition.