Genesis has no time for Waiting-to-Die

Genesis has no time for Waiting-to-Die
Genesis boss Marc England is cool on the 'ThermalCo" idea. (Image: supplied)
Ian Llewellyn
Contact Energy’s idea of lumping all the country’s thermal electricity generation plants into one company has been met with a cool response from Genesis Energy, one of the largest players in the sector.Under the "ThermalCo" model, all of New Zealand’s fossil-fuelled electricity generation and associated contracts would be set up in a stand-alone company, so its retirement could be managed to better avoid an energy shortage.However, Genesis Energy, which runs the largest thermal generation plant at Huntly, is not keen...

More Energy

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
Energy squeeze just gets tighter
Energy

Energy squeeze just gets tighter

Near-term future wholesale electricity prices rise above $400 per megawatt hour.

Ian Llewellyn 26 Jul 2024
SOE wanted to close NZ's only gas trading platform immediately
Markets

SOE wanted to close NZ's only gas trading platform immediately

Transpower said the closure would make no difference; the sector disagreed.

Ian Llewellyn 24 Jul 2024
ForBarr downgrades Genesis on gas uncertainty
Markets

ForBarr downgrades Genesis on gas uncertainty

The company faced the greatest challenges in the sector. 

Ian Llewellyn 23 Jul 2024