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3 Jan 2026 19:28
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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


     Other Business News
     03 Jan: The operators of patient portal Manage My Health are assuring users it systems are secure
     03 Jan: Tesla has lost its title as the world's best-selling electric vehicle maker
     02 Jan: Horowhenua District Council's providing financial assistance for locals impacted by last Sunday's severe weather
     02 Jan: Fire and Emergency received 15 calls between 12pm and one - as crews took strike action
     02 Jan: Authorities are working to get to the bottom of a major cyber security breach which may have exposed the personal health data of tens of thousands of Kiwis
     01 Jan: Major electricity companies are taking a big step today, towards protecting national energy security
     01 Jan: Hopes the new vocational education model kicking in from today will put industry in the driver's seat
     Top Stories

    RUGBY RUGBY
    The Central Stags are looking to get their Super Smash title defence back on track in Nelson this afternoon More...

    BUSINESS BUSINESS
    The operators of patient portal Manage My Health are assuring users it systems are secure More...


     Today's News

    		 Boxing:
    Wellington Phoenix coach Giancarlo Italiano wants his team to play smart in tonight's A-League contest against the Roar in Moreton Bay 18:56

     Basketball:
    The Breakers are promising to fight hard for a finals spot in basketball's NBL 18:36

     Business:
    The operators of patient portal Manage My Health are assuring users it systems are secure 18:06

     Rugby League:
    The Breakers have a simple New Year's resolution - bank wins in the back-end of the season and make the Australian NBL play-offs 17:26

     Cricket:
    The Central Hinds have claimed a second win over the Canterbury Magicians in three days to move into third on the women's Super Smash ladder 16:56

     Tennis:
    A box-office doubles pairing has been thrust together at the ASB women's tennis Classic 16:36

     Soccer:
    Don't expect too many changes to the Wellington Phoenix starting line-up, despite being thumped 5-1 in their most recent outing 16:16

     International:
    AI chatbot Grok under fire over complaints it let users undress minors in photos on X 15:56

     Basketball:
    The Breakers are well aware they're drinking at the Last Chance Saloon in the Australian NBL 15:26

     Cricket:
    The Central Stags are looking to get their Super Smash title defence back on track in Nelson this afternoon 14:56

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