Genesis tells sector: Help pay for coal or else

Genesis is to find out what value the market places on the Huntly power station. (Image: Getty)

Mon, 13 May 2024

Genesis Energy has gone to market with a security option it hopes will help pay to keep a coal supply in place to fuel the Huntly power station if there is an energy shortfall.Last week, the power company announced it would import only enough coal to cover its retail customer base.Genesis indicated that it intended to maintain an operating stockpile of coal at Huntly Power station of around 350,000 tonnes, or about 670 gigawatt hours of electricity.The coal stockpile will fall below 350,000 tonnes by the end of winter, triggering a need to orde...

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