NZ Commerce Commission Determines Authorizing Contact, Meridian, Mercury, Genesis Agreements to Access Power Station Capacity

MT Newswires Live

Nov 06, 2025

New Zealand's Commerce Commission has determined to authorize Genesis Energy (ASX:GNE, NZE:GNE), Contact Energy (ASX:CEN, NZE:CEN), Meridian Energy (ASX:MEZ, NZE:MEL), and Mercury NZ (ASX:MCY, NZE:MCY) to enter into agreements for ten years, to access certain generation capacity from Genesis' Rankine units at the Huntly Power Station, according to a Thursday statement by the commission.

The agreements will result in, or likely result in, a benefit to the public, which will also lessen competition, the statement said.

Shares of Mercury NZ fell 2% in recent Thursday trade in Australia and New Zealand.

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