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Graeme Hart takes legal action against Auckland anaesthetist
Kate McVicar
Thu, 06 Nov 2025
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ComCom clears gentailers' Huntly option deal
The Commerce Commission has authorised an agreement among four electricity generator retailers – Genesis, Contact, Meridian and Mercury – delivering access to reserve capacity at Huntly Power Station.
The deal, known as a Strategic Energy Reserve Huntly Firming Option, involves Contact, Meridian and Mercury paying annual fees to Genesis for 10 years in exchange for the ability to tap generation from Huntly’s coal and gas-fired Rankine Unit 2.
Commission chair John Small said the public benefits of the arrangement probably outweighed the potential anti-competitive effects.
“The Commission is aware of the difficulties currently facing the electricity sector and, after thoroughly testing the impacts of this authorisation, believes there is significant public benefit in ensuring security of supply for New Zealanders during dry years,” he said.
The Commission said Genesis was working on ways to offer further reserve capacity to other customers and its progress would be monitored.
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