Meridian to cede Tekapo stations as Brownlie picks up reform proposals

Energy Minister Gerry Brownlie has adopted almost every major recommendation for electricity reform and gone further.

At a briefing in Wellington today, Brownlee outlined the government’s response to the Electricity Technical Advisory Group report.

Among major changes: Meridian Energy cedes the Tekapo A and B hydro stations to Genesis Energy and gains the Whirinaki diesel fired station; ‘virtual assets swaps’ for North and South Island power between Genesis, Meridian and Mighty River Power to shake up retail competition; and a compulsory hedge market. Details to come. 

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

FBU - Sale of Laminex Cheltenham property
CVT - Comvita Achieves Minimum Capital Raise Requirement
Devon Funds Morning Note - 04 May 2026
MEL - Meridian joins global ranks of sustainable companies
May 5th Morning Report
ATM - a2MC recalls small volume of a2 Platinum USA label
CEN - Contact Chair to retire this year, new Chair appointed
May 1st Morning Report
GTK - Gentrack's Veovo Acquires Dubai Technology Partners
SML - Additional information following Bright Dairy announcement