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1 Jan 2026 12:25
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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


    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
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     Today's News

    		 Soccer:
    Auckland FC defender Dan Hall is bracing for a high-octane Newcastle Jets attack in this afternoon's A-League match at Mt Smart 11:56

     Politics:
    A lack of communication from New Zealand's largest patient health portal, in the wake of a cyber security breach 11:36

     Auckland:
    State Highway 16 remains closed at Makarau, north-west of Auckland, after the discovery of a body 11:16

     National:
    Are you a hellraiser mite or a knobbled weevil? Take the quiz and vote for NZ’s Bug of the Year 11:16

     Politics:
    Nominations are now open for the Papatoetoe subdivision's local board election in Auckland 11:06

     National:
    Why procrastination isn’t laziness – it’s rigid thinking that your brain can unlearn 10:36

     National:
    Focus apps claim to improve your productivity. Do they actually work? 10:27

     Business:
    Hopes the new vocational education model kicking in from today will put industry in the driver's seat 10:26

     National:
    What are your new year’s reading resolutions? 6 dedicated readers share theirs 10:16

     National:
    Inside scoop: the 2,500-year history of ice-cream 10:07

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