Genesis has no time for Waiting-to-Die

Genesis boss Marc England is cool on the 'ThermalCo" idea. (Image: supplied)

Mon, 15 Nov 2021

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...

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