Rain brings slight relief for electricity sector
Energy

Rain brings slight relief for electricity sector

Lake Pūkaki storage increased for the first time since April.

Ian Llewellyn 22 Aug 2024
The market is solving problems, not making them: Mercury boss
Markets

The market is solving problems, not making them: Mercury boss

Critics tend to have a 'paucity of analysis or a hugely vested interest'.

Ian Llewellyn 21 Aug 2024
Tiwai cuts production further as energy squeeze rolls on
Markets

Tiwai cuts production further as energy squeeze rolls on

The Tiwai Point aluminium smelter has agreed to reduce its electricity consumption further as the energy crunch continues and the sector moves to ensure security of supply.The smelter will cut electricity demand by another 20 megawatts (MW). This is in addition to the 185MW deman...

Ian Llewellyn 20 Aug 2024
Mercury's profit increases 159%
Markets

Mercury's profit increases 159%

Profit growth due to changes in the fair value of unhedged financial instruments. 

Ian Llewellyn 20 Aug 2024