Mercury points to peaking gains as FY production drops 10%

Mercury points to peaking gains as FY production drops 10%
Gavin Evans
By Gavin Evans July 18 (BusinessDesk) - Mercury NZ says it relied on the peaking capacity of its Waikato hydro generation to capture high wholesale power prices in the June quarter. The country’s third-largest power retailer said its hydro dams and geothermal plants earned an average $117.15 a megawatt-hour in the period, up from $79.84/MWh in the June quarter of 2018. Production fell to 1,527 gigawatt-hours, 21 percent less than a year earlier, as dry weather in the North Island slashed the firm’s hydro output to 796 GWh – 422 GWh les...

More Infrastructure

Investment Summit creates 'momentum'
Infrastructure

Investment Summit creates 'momentum'

An Italian tunneling firm says the summit helped convince them to stay in NZ.

Fast-track early birds pass first hurdle
Infrastructure

Fast-track early birds pass first hurdle

EPA clears first three applicants as Jones warns against 'finicky' approach.

Oliver Lewis 13 Mar 2025
Consortium steps forward for Northland Expressway
Infrastructure

Consortium steps forward for Northland Expressway

Nicola Willis talks up summit deal-making and calls NZ an 'undervalued stock'.

Oliver Lewis 13 Mar 2025