Mercury NZ Ltd’s quarterly operational update for the three months ended 30 September 2022 showed higher mass market connections, volumes and prices, a forecast for FY23 hydro generation of 4,500GWh, and higher forward electricity prices due to high cost thermal generation.
Total connection growth across all products lifted by 4,000 with electricity customer connections stable at 574k.
Mass market yields were $14/MWh higher and C&I yields (physical and financial) rose by $14/MWh to $122/MWh.
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