Photo / NZMEPower generator Genesis Energy expects to be buying coal again by the end of this year, in part due to a quickly diminishing gas supply. Genesis said it aimed to maintain its solid fuel stockpile “to keep the lights on” for its customers through the “yo-yo” effects of the energy transition away from carbon dioxide emission. Photo / NZME“The outlook is that we will use more solid fuel over the next two years than we forecast,” he said. Genesis plans to maintain the coal stockpile at 350,000 tonnes - or about 670 GWh of electricity. The solid fuel stockpile will fall below 350,000 tonnes by the end of winter and this will trigger a need to order more solid fuel deliveries to maintain the target operational stockpile ahead of the winters of 2025 and 2026.

Source: New Zealand Herald May 08, 2024 03:52 UTC