Latest / Early Edition with Ryan Bridge
Ryan Bridge: Coal keeps the lights on
We need to be a bit practical about this business of importing coal.
Yesterday Genesis, Mercury, Meridian, and Contact announced they're going to stockpile up to 600,000 tonnes of coal to keep the lights on at Huntly power station.
The deal needs Commerce Commission's approval so it doesn't look like they're colluding on price, but the idea struck a deal, which still needs Commerce Commission approval, to keep the lights on at Huntly.
The coal gives them a back up for times when we're low on electricity, when the lake levels are low, and the wind isn't blowing.
Huntly is the largest…
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