Mercury provides an operational update for the three months ended 31 March 2022, showing that national inflows were at 8th percentile, hydro generation decreased due to dry weather, spot prices lifted due to fuel constraints, futures prices increased due to thermal fuel cost pressures, commercial & industrial (C&I) yields up 14% versus prior comparable period and physical sales increase to replace Norske Skog CfD volumes.
Demand decreased, led by decreases in the irrigation and industrial sectors.
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