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Commodities news

Nuclear energy stocks hit record highs on surging demand from AI
Financial Times: Amazon and Google deals to deploy reactors in sector’s revitalisation.

Genesis Energy pares back retail arm
Genesis Energy is paring back jobs in its retail arm.

Huia Burt replaces Luke Blincoe at Electric Kiwi
Electric Kiwi chief executive Luke Blincoe has stepped down, effective immediately.

Coal, gas data shows NZ 'lurching from crisis to crisis'
Figures show NZ relied heavily on coal and gas-driven power generation from April to June.

Transpower gives green light for generators to use more water
Consumers could be paid to use less power if the situation deteriorates.

Methanex shutters operations to keep NZ's lights on – and make money
Gas deal means all the units at Huntly can operate.

Electricity regulator steps in as Prime Energy defaults on payment to Manawa
The Electricity Authority is working with both companies on a 'managed resolution'.

NZ's stretched power sector is facing big challenges, Electricity Authority warns
Wholesale electricity prices have risen sharply in the past month.