Mercury reports near-record 1H earnings, seeks faster action on gas disclosures

Mon, 25 Feb 2019

By Gavin Evans Feb. 26 (BusinessDesk) - Mercury NZ wants efforts to improve disclosure in the gas sector accelerated. Chief executive Fraser Whineray says the electricity industry did well last year adapting flexibly and dynamically to “real stresses” in the system created by low hydro storage and multiple unplanned disruptions to gas supply. While the significant spot market volatility in the December half-year had been caused by an “unusual alignment of factors’, Whineray says gas disclosure needs to be improved and quicker than plan...

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