Coal fired power plants are being forced to close in New Zealand, due to flat consumer and industrial demand for electricity combined with lower renewable energy costs. The Government has announced that it will not renew the contracts of two coal fired plants, which have been operating since 2008 at a cost of $NZ1 billion (NZ$1.7 billion).
Coal fired power plants are being forced to close in New Zealand, due to flat consumer and industrial demand for electricity combined with lower renewable energy costs. Genesis Energy, the country's major energy producer, said it is closing its last two coal plants in 2018 after the company said it has been running "at the margin of the market for a number of years".