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NZ's biggest energy firms sign deal over Huntly's power station

Author
Newstalk ZB,
Publish Date
Mon, 4 Aug 2025, 7:55pm
The agreements will support critical back-up electricity generation and fuel being available to support the security of the electricity system and price stability. Photo / NZME
The agreements will support critical back-up electricity generation and fuel being available to support the security of the electricity system and price stability. Photo / NZME

NZ's biggest energy firms sign deal over Huntly's power station

Author
Newstalk ZB,
Publish Date
Mon, 4 Aug 2025, 7:55pm

Genesis Energy and the three other big power generators have signed agreements to establish a strategic energy reserve centred on Genesis’ Huntly Power Station.

The deals - aimed at supporting national security of power supply - have been settled by Genesis, Meridian Energy, Mercury NZ and Contact Energy.

The parties intend for the agreements to take effect from January 1, 2026.

Genesis Energy chief executive Malcolm Johns says there's a clear case to keep the plant going - and Genesis couldn't do it on its own. 

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