Market will decide what part Huntly power station plays in energy security, says Genesis

A breakdown at the Huntly power station cost Genesis. (Image: Getty)

Fri, 23 Feb 2024

The market will decide what the future of the Huntly power station will be and what role it plays in keeping the lights on in the coming year, Genesis Energy chief executive Malcolm Johns said.On Thursday morning, Genesis reported half-yearly earnings were hit by higher costs, lower hydro inflows and a long outage at the 400-megawatt Unit 5 at Huntly.For the six months ended Dec 31, Genesis declared earnings (ebitdaf) of $202 million, down 32% on the corresponding period. The reduced earnings meant net profit after tax was lower at $38m, a 74%...

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