Mercury Energy has a wet, wet, wet result

Mercury Energy has a wet, wet, wet result
An overflowing Lake Taupō brought record generation for Mercury, but at a lower price. (Image: Mercury)
Ian Llewellyn
Mercury New Zealand’s half year results were all about rain – too much now and fears of a lack of it in the future.There was record rainfall in the Taupō catchment in the six months to Dec 31, 2022, with hydro production up 852 gigawatt hours (GWh) to 2,735 GWh. The rain was so heavy and consistent that Lake Taupō was always near its maximum allowable level, and 675 GWh’s worth of water had to be spilled down the Waikato river.As a result, Mercury generated more power than ever as recent additions to its wind-farm portfolio al...

More Energy

Genesis looks at expansion of Huntly power station
Energy

Genesis looks at expansion of Huntly power station

Market being tested for risk investment appetite. 

Ian Llewellyn 01 Jul 2025
Winter 2026 energy shortage warning confirmed
Energy

Winter 2026 energy shortage warning confirmed

Gas has declined even further, but so has industrial demand.

Ian Llewellyn 30 Jun 2025
UK’s Eku Energy buys into Waikato battery storage project
Energy

UK’s Eku Energy buys into Waikato battery storage project

The deal is with overseas-owned NZ company Helios Energy.

John Anthony 26 Jun 2025
Public Trust makes claims of $900m against SolarZero
Law & Regulation

Public Trust makes claims of $900m against SolarZero

Public Trust has made unsecured claims against the company.

Ian Llewellyn 25 Jun 2025