Genesis Energy Expands Coal Stockpile at Huntly Power Station Amid Rising Power Prices in New Zealand
NATURAL GAS
Genesis Energy has expanded its coal stockpile at the Huntly Power Station to bolster energy security amid rising power prices in New Zealand due to a harsh winter. The sector is shifting focus towards constructing 1,400 megawatts of new generation capacity while still relying on gas and considering liquefied natural gas imports to address dwindling reserves. Additionally, Meridian is planning multiple developments for 2026, and discussions are ongoing to enhance hydro storage at Lake Pūkaki to combat energy intermittency.

Jan 10, 2026, 2:25 PM