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

TAG Oil sells more NZ assets
Energy

TAG Oil sells more NZ assets

TAG stopped operating in NZ in 2019.

John Anthony 24 Apr 2025
Energy uncertainty and costs banding businesses together
Energy

Energy uncertainty and costs banding businesses together

There is new interest in power purchase agreements.

Ian Llewellyn 24 Apr 2025
Transpower cautious over hydro lake level rule changes
Markets

Transpower cautious over hydro lake level rule changes

Transpower can authorise hydro lakes to dip further.

Ian Llewellyn 23 Apr 2025
Lodestone Energy raises another $50 million
News in Brief

Lodestone Energy raises another $50 million

Unlisted Lodestone Energy says it has raised another $50 million from existing shareholders and new investors to fund more solar farms.This would add to the $50 million development fund it raised in 2024, the company said.“These funds will enable Lodestone to maintain their momen...

Staff reporters 23 Apr 2025