Genesis Energy, power firms secure Huntly reserve for energy stability

(Image: NZME)

Mon, 04 Aug 2025

Genesis Energy and the three other big power generators have signed agreements to establish a strategic energy reserve centred on Genesis’ Huntly Power Station, the NZ Herald reported.The deals – aimed at supporting national security of power supply – have been settled by Genesis, Meridian Energy, Mercury NZ and Contact Energy.The parties intend for the agreements to take effect from Jan 1, 2026.Subject to a Commerce Commission review, these agreements will support critical back-up electricity generation and fuel bei...

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