Early Edition with Kate Hawkesby

Ryan Bridge: Coal keeps the lights on

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Sinopsis

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 electricity generation site in the country. It needs fuel to run on.  Eventually, they'd like it to be all biomass and green, friendly fuels. But in the meantime, they need something reliable to keep things chugging along so as we avoid another energy crunch like last year when spot prices went berserk because we realised how little gas have in this country.  And queue the predicable outcries of d