Rain and wind boost Mercury Energy's annual earnings

(Image: Supplied)

Mon, 21 Aug 2023

Mercury Energy has reaped the benefits of record-breaking rainfall in its full-year 2023 results while bringing more wind generation on stream.The wet year meant record inflows, resulting in 5,209 gigawatt-hours (GWh)of hydro generation, 28% higher than usual. The company spilled more than 1,000 GWh worth of water during the year to keep lake levels within their consented operating limits.Overall, generation increased by 21% to more than nine terawatt-hours (TWh).Mercury is NZ’s largest electricity retailer by customer share and has ...

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