Mercury confirms geothermal expansion, warns of higher power prices

Mercury is increasing its geothermal capacity. (Image: Getty)

Tue, 19 Sep 2023

Mercury has confirmed it will go ahead with a $220 million expansion of its Ngā Tamariki geothermal station and warned that the investment needed for new generation is likely to push up electricity prices in the short to medium term.At the company’s annual general meeting on Tuesday, Mercury’s generation general manager, Stewart Hamilton, said work on the geothermal station near Taupō would include the addition of a fifth generating unit at the site, adding 46 megawatts (MW) of base-load generation to the 82MW-ca...

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