Huntly electricity talks a sign of market failure, says Jones

Huntly electricity talks a sign of market failure, says Jones
Gentailers are combining in a bid to keep the Huntly power station running. (Image: NZME)
Ian Llewellyn
The major electricity generators’ move to work together to ensure the long-term viability of the Huntly power station is evidence of market failure, says Associate Energy Minister Shane Jones.A vocal critic of the generator/retailers, the NZ First MP said: “This is not a market solution. This is an act of cynicism.”On Wednesday, competitors Genesis, Mercury, Meridian and Contact released an unusual joint statement that said they were working together to secure the future of the Genesis-owned Huntly station.Talks under way...

More Energy

$200m gas fund may not be enough as Māui closure looms
Policy

$200m gas fund may not be enough as Māui closure looms

The fund has been expanded to cover gas storage.

Ian Llewellyn 06 Nov 2025
Commerce Commission approves Huntly agreement
Markets

Commerce Commission approves Huntly agreement

Gentailer deal to keep Rankine unit running gets a quick tick.

Ian Llewellyn 06 Nov 2025
Seymour promotes coal, nuclear, and privatisation
Policy

Seymour promotes coal, nuclear, and privatisation

Burning some coal to enable more renewable power "not a bad deal".

Pattrick Smellie 05 Nov 2025
Genesis gets fast-track greenlight for Tekapo power scheme
News in Brief

Genesis gets fast-track greenlight for Tekapo power scheme

Genesis Energy has received fast-track approval to continue operating and maintaining the Tekapo hydro power scheme.It lodged the fast-track application in April 2025 for the scheme, which includes Tekapo A and B power stations and substations, and the canal system. Genesis has o...

Staff reporters 03 Nov 2025