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Huntly electricity talks a sign of market failure, says Jones
Gentailers are combining in a bid to keep the Huntly power station running. (Image: NZME)
The major electricity generators’ move to work together to ensure the long-term viability of the Huntly power station is evidence of market failure, says Associate Energy Minister Shane Jones.A vocal critic of the generator/retailers, the NZ First MP said: “This is not a market solution. This is an act of cynicism.”On Wednesday, competitors Genesis, Mercury, Meridian and Contact released an unusual joint statement that said they were working together to secure the future of the Genesis-owned Huntly station.Talks under way...
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