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1 Jan 2026 20:31
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      Home > News > Business

    New agreements take effect today - for a strategic coal reserve stockpile at Huntly Power Station

    New agreements take effect today - for a strategic coal reserve stockpile at Huntly Power Station

    1 January 2026


    Energy Minister Simon Watts says the deal reached by Genesis with other main gentailers - Mercury, Meridian and Contact -- ensures New Zealand's national energy security.

    The Commerce Commission says they'll result in a significant public benefit.

    Genesis Chief Executive Malcolm Johns says it'll buy us some time to address energy issues.

    He says it gives New Zealand another 10 years to solve long-term security concerns around periods of low rainfall and wind.

    © 2026 Newstalk ZB, NZCity


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