Genesis Power
Genesis Power Limited (trading as Genesis Energy) is a New Zealand state-owned electricity generation and electricity, natural gas and LPG retailing company. It was formed as part of the 1998-99 reform of the New Zealand electricity sector, taking it generation capacity from the breakup of the Electricity Corporation of New Zealand (ECNZ) and taking retail customers from three local power boards in the Lower North Island.
Genesis is the largest electricity and natural gas retailer in New Zealand, with 27% and 43% market share respectively in 2011-2012. In 2011, Genesis produced 16% of New Zealand's electricity,and is the third largest electricity generating company in New Zealand in terms of MW capacity, GWh generation and revenue (see comparison table at New Zealand electricity market).
Read more about Genesis Power: History, Power Stations, Other Developments
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