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Genesis raises natural gas prices by 4.5 per cent
The country's biggest energy retailer is blaming increased wholesale prices
The country's biggest energy retailer is blaming increased wholesale prices
Chapman replaces John Leuchars, who has been a director for the last six years.
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Cheap oil and a wet spring kept wholesale prices low, offsetting better retail margins.
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The Electricity Authority says consumers will save around $300 million a year following its decision to end power station subsidies.
The head of Genesis Energy wants to move his company to being an integrated energy management business but says this could expose it to overseas competition.
First NZ Capital has raised its target price for Genesis Energy to $1.97 from $1.85, but has retained its neutral rating on the stock.
Genesis Energy will buy New Zealand Oil & Gas's stake in the Kupe gas and oil field for $168 million.
Lower oil prices, increased carbon costs and a "below market" contract with Tiwai Point will weigh on Genesis Energy's earnings.
Our biggest electricity retailer says lower power, gas and oil prices, along with competition, has hit its annual earnings.
Power prices are an ongoing worry for many people, who hold back heating their homes in a bid to cut down on the power bill, a survey shows.
Earnings are flat at our biggest electricity retailer - which says it still hasn't decided whether to can the Huntly Power Station.
Henri Eliot talks to professional directors Mark Verbiest, Tony Carter, Doug McKay and Rob Campbell about their focal points in 2016.
Genesis Energy named AGL Energy executive Marc England as chief executive, replacing Albert Brantley who leaves after seven years
Executive Mark Binns says a new wind farm is one of the options on the table if Meridian can't convince Genesis to keep open two electricity plants.
NZOG declared today a 34.7 percent increase in "developed reserves" at the Kupe oil and gas field.
The company will pay an 8 cents per share final dividend on October 6, an increase from last year's 6.6 cents.
Genesis Energy announced its last two coal-burning electricity generators at Huntly Power Station will be shut down.
A revised contract between Meridian Energy and the owners of the Tiwai Pt aluminium smelter extends the smelter's operating life for at least another year from 2017.
It is a city that prides itself on its diverse ethnic communities, but Auckland is run by a club of white men living in the wealthy suburbs.
Genesis Energy, the country's biggest energy retailer, will permanently retire a coal/gas-fired unit at the Huntly Power Station.
More than half a billion dollars has been wiped off the value of NZX-listed electricity firms today.