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Mercury Energy - Latest News [Page 1]

Mercury’s Growth Trajectory Continues, Delivery Of Renewables Underpins Performance

Tuesday, 20 February 2024, 8:48 am | Mercury Energy

HY24 Financial Results Summary   HY2024 HY2023 Change %   NET PROFIT AFTER TAX ($M)  174 239 -27% EBITDAF ($M)  434 451 -4% STAY-IN-BUSINESS CAPITAL EXPENDITURE ($M)  60 31 94% ELECTRICITY GENERATION (GWh)  ... More >>

Collective Effort Required To Achieve Emissions Reductions Plan Objectives

Tuesday, 17 May 2022, 11:05 am | Mercury Energy

Today’s release of the Government’s Emissions Reduction Plan marks a vitally important step towards decarbonising the economy. It sends important signals for where our collective efforts will need to be invested, and what actions the government ... More >>

Results Reflect Significant Business Change Within Half Year

Tuesday, 22 February 2022, 9:17 am | Mercury Energy

Results reflect significant business change within half year HY22 Financial Results Summary   HY2022 HY2021 Change % EBITDAF ($M) 242 290 -17 NET PROFIT AFTER TAX ($M) 427 130 228 UNDERLYING EARNINGS AFTER TAX ($M) 89 115 -23 STAY-IN-BUSINESS ... More >>

Electricity Sector Leads Development Of New Zealand’s Decarbonised Future

Friday, 22 October 2021, 6:58 am | Mercury Energy

Confirmed investments in new renewable electricity shows the importance of market incentives to help high-emissions sectors reduce reliance on fossil fuels. “The world’s most important climate change conference, COP26, is days away now. New ... More >>

Mercury’s Earnings Up, Generation Down

Tuesday, 23 February 2021, 9:16 am | Mercury Energy

FY2021 Interim Results Financial Summary   HY21 HY20 Change % EBITDAF1 ($M) 294 258 +14% NET PROFIT AFTER TAX ($M) 130 83 +57% UNDERLYING EARNINGS AFTER TAX ($M) 115 90 +28% STAY-IN-BUSINESS CAPITAL EXPENDITURE ($M) 27 53 -49% ELECTRICITY ... More >>

Mercury Welcomes Government's Electric Vehicle Initiative

Wednesday, 2 December 2020, 4:15 pm | Mercury Energy

2 December 2020 – The Government’s commitment to require its agencies to purchase electric vehicles for their fleets is a welcome tangible step towards New Zealand’s decarbonisation ambitions, says Mercury chief executive Vince Hawksworth. “This ... More >>

Mercury’s Performance Strong In Testing Year

Tuesday, 18 August 2020, 9:31 am | Mercury Energy

Mercury’s overall performance was strong in a testing 2020 financial year affected by drought across the Waikato catchment which impacted hydro generation from September, and the disruption caused by the COVID-19 pandemic. Minimal rainfall in the final ... More >>

Mercury Quarterly Operational Update

Monday, 20 July 2020, 10:53 am | Mercury Energy

Three months ended 30 June 2020 BUSINESS ACTIVITY RESUMES, REFURBISHMENT COMPLETED AT WHAKAMARU AND ARATIATIA Mercury successfully executed a staged return to normal operations in Q4-FY2020, following the nationwide COVID-19 lockdown, with office-based ... More >>

Rio Tinto Decision Following Strategic Review Of Tiwai Smelter

Thursday, 9 July 2020, 10:39 am | Mercury Energy

Mercury notes Rio Tinto’s announcement to wind-down operations at New Zealand Aluminium Smelters Limited (NZAS) with expected closure in August 2021. Mercury reiterates previously made statements that it is relatively well placed to respond to the decision ... More >>

More Power From The Same Water”: Mercury Mega Project Celebrates Major Milestone

Monday, 23 March 2020, 9:09 am | Mercury Energy

23 March 2020 – A $67 million project on Mercury’s Whakamaru power station has future proofed the station and increased output by over 20% (from 100MW to around 124MW) – enough to power an additional 12,700 electric vehicles. · $67 million ... More >>

Mercury Earnings Impacted By Lower Generation

Tuesday, 25 February 2020, 10:40 am | Mercury Energy

HY2020 Financial Results Summary   HY2020 Change HY2019 EBITDAF ($M) 258 15% 302 NET PROFIT AFTER TAX ($M) 83   20% 104 UNDERLYING EARNINGS AFTER TAX ($M) 90 21% 114 STAY-IN-BUSINESS CAPITAL EXPENDITURE ($M) 53 18% ... More >>

Mercury Quarterly Operational Update

Thursday, 23 January 2020, 9:16 am | Mercury Energy

Mercury maintained a prudent approach to risk management in Q2-FY2020, decreasing hydro generation by 74GWh compared to the same quarter last year resulting in a strong hydro storage position in the approach to the third quarter; historically the lowest ... More >>

Vince Hawksworth appointed Chief Executive of Mercury

Wednesday, 18 December 2019, 8:38 am | Mercury Energy

18 December 2019 - Mercury’s board is pleased to announce the appointment of Vince Hawksworth to the role of Chief Executive of the electricity retailer and generator. Hawksworth will start in the role from 28 April 2020. More >>

Mercury commits to completing NZ’s largest wind farm

Tuesday, 12 November 2019, 8:39 am | Mercury Energy

12 November 2019 – Mercury has amended its contracts with Vestas to complete New Zealand’s largest wind farm at the Turitea site near Palmerston North. Mercury’s Chief Executive, Fraser Whineray, announced today that Mercury has committed to build ... More >>

Spades in the ground for new Turitea wind farm

Tuesday, 29 October 2019, 1:32 pm | Mercury Energy

29 October 2019 – Energy Minister Dr Megan Woods used a yellow spade to mark the start of construction of Mercury’s Turitea wind farm on the wind-swept Tararua Ranges. More >>

Mercury Quarterly Operational Update

Friday, 18 October 2019, 9:15 am | Mercury Energy

Otahuhu spot price at record as hydro storage declines with thermal outages on the horizon Spot prices were elevated during the quarter, increasing post-winter as the market responded to below-average inflows and major thermal fuel and generation outages ... More >>

Fraser Whineray to switch sectors after 11 years

Tuesday, 8 October 2019, 9:20 am | Mercury Energy

8 October 2019 – Mercury’s Chief Executive, Fraser Whineray, has announced that he will leave the company in 2020 after more than 11 years’ service, including the last five years as Chief Executive. More >>

Mercury encourages joined-up response to energy plans

Thursday, 3 October 2019, 12:08 pm | Mercury Energy

03 October 2019 – Mercury will work with all participants in the electricity sector to support the outcomes sought by the Electricity Price Review (EPR). More >>

Mercury rises to challenge with strong FY2019 result

Tuesday, 20 August 2019, 8:53 am | Mercury Energy

20 August 2019 – Mercury produced a strong result under unusual weather and market conditions in its financial year to 30 June 2019, Chief Executive Fraser Whineray said today. More >>

Mercury Quarterly Operational Update

Thursday, 18 July 2019, 9:09 am | Mercury Energy

Thermal fuel uncertainty gains prominence as driver of spot market prices Quarterly spot prices were elevated at the 90th percentile1 as thermal fuel constraints, including maintenance outages on the Pohokura gas field, offset above-average national hydro ... More >>





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