Mercury boss says the market is solving problems, not making them

Vince Hawksworth leaves Mercury a bigger and more diverse company. (Image: NZME)

Wed, 21 Aug 2024

Mercury’s new electricity generation investment and the steps the sector has taken to avoid blackouts are signs of how well the market is operating, not its failure, says chief executive Vince Hawksworth.After a long career in the industry, Hawksworth presented his last set of annual results on Tuesday ahead of his retirement at the end of the month.He is leaving Mercury, which has become bigger and more diverse since he took charge in 2020, after overseeing the expansion of its retail business and generation portfolio.On Tuesday, the com...

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