Mercury Energy - Latest News [Page 1]

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 >>

ICCC report: Mercury praises pragmatic approach and response

Tuesday, 16 July 2019, 4:15 pm | Mercury Energy

Mercury welcomes the ICCC’s report “Accelerated Electrification” and supports the Government’s response to its findings. More >>

Mercury supports Government’s car carbon proposals

Tuesday, 9 July 2019, 9:00 am | Mercury Energy

Mercury welcomes the Government’s leadership in reducing emissions in the transport sector through the Clean Car Standard and the Clean Car Discount proposals. More >>

New wind farm a further step to low carbon future

Wednesday, 27 March 2019, 10:35 am | Mercury Energy

27 March 2019 - Mercury has committed to the construction of the first 33 of 60 consented wind turbines at Turitea near Palmerston North, representing a key milestone in New Zealand’s renewable energy development. More >>

Mercury earnings strong despite less water

Tuesday, 26 February 2019, 3:29 pm | Mercury Energy

Mercury came close to matching last financial year’s record first half performance despite less favourable hydro conditions in the Waikato catchment leading to lower hydro generation. More >>

Mercury Quarterly Operational & EBITDAF Guidance Update

Wednesday, 23 January 2019, 10:41 am | Mercury Energy

23 January 2019 – Dry conditions, with national hydro inflows at 86% of average1, combined with limited thermal fuel availability resulted in record spot prices for the quarter. Average spot prices reached $206/MWh at Otahuhu and $175/MWh at Benmore; ... More >>

Mercury sells Metrix smart metering business

Monday, 17 December 2018, 8:50 am | Mercury Energy

Mercury NZ Ltd has today announced the sale of its smart-metering business, Metrix, to intelliHUB Group for a cash consideration of $270m. Mercury Chief Executive Fraser Whineray says the sale releases capital and resources, simplifies the company and ... More >>

 

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL