Mercury's quarterly operational update for the three months ended September 30, 2023, highlights several key points.
The Kaiwera Downs 1 project contributed 9GWh of electricity during the quarter, with full operation expected in October.
The company successfully migrated over 50% of its customers to the Gentrack billing system.
The electricity yield grew due to contract repricing on a sustained higher forward price.
Hydro generation was lower due to dry conditions, but wind generation was higher, partially offsetting the decrease.
Retail connections grew despite a focus on customer migration.
National demand was higher due to urban demand, while lower industrial demand was attributed to the impact of Cyclone Gabrielle on the Pan Pac timber mill.See more