Articles tagged with Contact
New Rules Ensure Fair Competition and Affordable Energy for All New Zealanders
4 weeks ago | 237 viewsNew Zealand's Electricity Authority will implement new rules from July 1 to prevent the country's four largest gentailers—Contact, Genesis, Mercury, and Meridian—from favoring their own retail arms over smaller competitors in managing wholesale electricity price risk. These rules aim to create a level playing field by requiring equal treatment in hedge contracts, regular compliance reporting, and reflecting actual electricity costs in retail prices, with increased penalties for serious breaches starting in 2027. This initiative complements broader government efforts to enhance energy security, affordability, and competition through infrastructure fast-tracking, funding support, procurement of LNG facilities, and promoting renewable energy adoption.
Tags: Simeon Brown Contact Genesis Mercury Meridian Electricity Authority Energy Competition Task Force New Zealand Electricity market Energy MinisterFast-Track Approval Granted for New Zealand’s Largest Southland Wind Farm Project
2 months ago | 596 viewsNew Zealand’s largest wind farm, the Southland Windfarm developed by Contact Energy, has received fast-track approval, enabling it to generate up to 380 MW and power 150,000 households while creating significant local jobs and economic benefits. The project, spanning 58 km² in eastern Southland, overcomes previous consent challenges through a streamlined Fast-track process designed to expedite critical infrastructure development and support national energy goals. This initiative aligns with the government’s vision for reliable, affordable energy, helping to reduce prices, enhance supply security, and stimulate regional investment and growth.
Tags: Mr Bishop Mr Jones Simon Watts Contact Energy Southland Windfarm Transpower National Grid Arataki Drury Quarry Haldon Solar Farm Mahinerangi Wind FarmApply Now: New Zealand’s Applied Doctorates Scheme Supports Industry-Driven PhD Research
3 months ago | 647 viewsThe Applied Doctorates Scheme, supported by a $20 million government investment, connects PhD students with industry to address real-world challenges while developing advanced research and commercial skills. The 2025 cohort focused on energy innovation with 25 industry-led projects, and the 2026 round is now open for applications centered on Aerospace, Defence, and Security. This initiative aims to build a skilled research workforce that drives economic and community benefits for New Zealand through applied science.
Tags: Shane Reti Contact Energy Vector Victoria University Rio Tinto New Zealand Aluminium Smelter Applied Doctorates Scheme Science Innovation and Technology Aerospace Defence Security Biotechnology BioprocessingGenesis, Mercury, Meridian, and Contact Establish Strategic Energy Reserve to Boost Energy Security and Affordability in New Zealand
10 months ago | 1476 viewsEnergy Ministers Simon Watts and Shane Jones welcome the establishment of a strategic energy reserve by major power companies in New Zealand to enhance energy security and maintain affordable prices. The initiative aims to address vulnerabilities in the energy system highlighted by last year's dry winter, which led to high prices and pressure on industries and households. The government is taking steps to strengthen the energy system by ensuring fuel supply security, supporting investment, and enhancing market competition to reduce costs and promote economic growth.
Tags: Simon Watts Shane Jones Genesis Mercury Meridian Contact New Zealand energy reserve energy security affordable energy prices