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flag New Zealand power firms plan a coal reserve to boost energy security and stabilize prices.

flag New Zealand's four major power companies have agreed to create a strategic energy reserve at the Huntly Power Station, aiming to enhance energy security and stabilize prices. flag This 10-year fuel stockpile, potentially up to 600,000 tonnes of coal, will help manage power supply during dry winters and gas shortages, following last year's energy crisis. flag The agreements, subject to regulatory review, are set to start in January 2026.

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