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3 Jan 2026 12:07
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      Home > News > Business

    Major electricity companies are taking a big step today, towards protecting national energy security

    Major electricity companies are taking a big step today, towards protecting national energy security

    1 January 2026
    Under agreements made by Genesis with Mercury, Meridian and Contact - an emergency coal reserve is being established at Huntly Power Station.

    The Commerce Commission approved the deals in November.

    Genesis Chief Executive Malcolm Johns says they allow the company to make significant needed investment - to keep all generation units operating.

    He says units that were going into retirement will now be around for another decade.

    © 2026 Newstalk ZB, NZCity


     Other Business News
     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: Hopes the new vocational education model kicking in from today will put industry in the driver's seat
     01 Jan: New agreements take effect today - for a strategic coal reserve stockpile at Huntly Power Station
     31 Dec: A gang of thieves has made off with tens of millions of euros - after drilling into a German bank vault in a daring holiday heist
     Top Stories

    RUGBY RUGBY
    A hint of adversity hasn't been enough to slow down defending champion Luke Littler in his quest for back-to-back world darts championship titles More...

    BUSINESS BUSINESS
    Tesla has lost its title as the world's best-selling electric vehicle maker More...


     Today's News

    		 Law and Order:
    Police are asking for the public's help in their enquiries into an unexplained death in Auckland 11:56

     National:
    How Celtic languages spread across Britain and Ireland: why we need to reconsider the early story 11:16

     International:
    Crans-Montana ski resort fire probe raises questions about sparklers, safety compliance at Le Constellation bar 11:06

     Law and Order:
    Customs is warning organised crime groups are smuggling card-skimming devices into New Zealand, hidden inside low-value electronics like air-fryers and laptops 11:06

     Politics:
    The Public Service Association says the cyber attack impacting health patient portal Manage My Health shows the risks of Government job cuts 10:46

     Rugby:
    A hint of adversity hasn't been enough to slow down defending champion Luke Littler in his quest for back-to-back world darts championship titles 10:36

     International:
    Are reading goals helpful or performative? How to read more in the new year 10:36

     National:
    Why do I seem to get sick as soon as I take time off? 10:36

     National:
    Is world peace even possible? I study war and peace and here’s where I’d start 10:26

     National:
    What were books like in ancient Greece and Rome? 10:16

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