Mercury shareholders wary of heightening competition

Mercury NZ chair Prue Flacks said there was no doubt the retail electricity sector was competitive. (Image Mercury NZ)

Thu, 22 Sep 2022

Mercury NZ's owners were keen to quiz the country's biggest electricity retailer on how it plans to compete in an increasingly aggressive market at today's annual meeting. The meeting in Auckland was the first since Mercury bought rival Trustpower's retail business, doubling its retail customer connections which sat at 799,000 at June 30, of which 574,000 were electricity, 95,000 gas, 117,000 telecommunications, and 13,000 mobile. While chair Prue Flacks and chief executive Vince Hawksworth focused on the changing oper...

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