Mercury Energy - Latest News [Page 1]

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 >>

Food fight! Mercury turns up the heat on petrol pushers

Thursday, 18 October 2018, 1:13 pm | Mercury Energy

Mercury is using burgers to turn up the heat on petrol retailers as prices at the pump hit record highs. “We’re paying a premium for a dirty, imported product when the cleaner, New Zealand-made alternative is comparatively cheap as chips… ... More >>

Mercury Quarterly Operational Update

Wednesday, 17 October 2018, 10:49 am | Mercury Energy

17 October 2018 – Mercury's strong starting storage position enabled hydro generation of 1,446GWh during the quarter. This fell from record quarterly generation in the prior comparable period but remained at the 84th percentile1, contributing to total ... More >>

Direct grid-connected battery is large and in-charge

Wednesday, 22 August 2018, 3:38 pm | Mercury Energy

New Zealand’s first grid-scale battery storage facility was launched in Auckland by the Minister of Energy, Dr Megan Woods today. More >>

Mercury grows earnings and engagement

Tuesday, 21 August 2018, 9:09 am | Mercury Energy

Record hydro generation for a second consecutive year has driven another record financial result for Mercury (NZX:MCY) in the 12-months to 30 June 2018. An emphasis on enabling people and their performance saw further growth in employee engagement and the successful ... More >>

Mercury trials EV subscription service to drive uptake

Friday, 17 August 2018, 9:22 am | Mercury Energy

Mercury is piloting an electric vehicle (EV) subscription service with Snap Rentals which it says is a model that could be instrumental in getting more kiwis plugging in for their transport. More >>

New research shows EVs the clear choice for most kiwis

Wednesday, 8 August 2018, 12:45 pm | Mercury Energy

NEWS RELEASE 8 August 2018 New research shows EVs the clear choice for most kiwis The overwhelming majority of New Zealanders see electric vehicles (EVs) as the way forward and almost half are considering getting one soon, according to new research* ... More >>

Mercury Quarterly Operational Update

Wednesday, 18 July 2018, 2:31 pm | Mercury Energy

• RECORD ANNUAL GENERATION - Annual generation 7,704GWh; Hydro generation 947GWh above average • DEMAND GROWTH - Underlying demand up 1.8% led by urban and dairy sectors • SUSTAINED RETAIL COMPETITION - Annual churn for all Mercury brands up ... More >>

 

 

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