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 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 January 1, 2026.

Genesis Energy chief executive Malcolm Johns says there's a clear case to keep the plant going - and Genesis couldn't do it on its own. 

LISTEN ABOVE

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 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 January 1, 2026.
Genesis Energy chief executive Malcolm Johns says there's a clear case to keep the plant going - and Genesis couldn't do it on its own.&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Malcolm Johns: Genesis Energy chief executive on Huntly's power station remaining operational for the next decade

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7626adf3-9fba-4f81-9220-b32f0082d3bb/transcript