Mercury NZ Ltd - Company Profile
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Business Description
Mercury NZ Ltd (Mercury) is primarily engaged in the generation and wholesale supply of electricity, along with the retail sale of electricity, gas, broadband, and mobile services to customers across New Zealand. The company’s activities also include electricity trading, generation development, the sale of electricity to commercial, industrial, and wholesale customers, and the sale of emissions units to third parties.
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Business Segments
Overview
Includes the sale of electricity, gas, broadband, mobile, and other related services to residential, small business, and mass market customers throughout New Zealand. Provides integrated utility and telecommunications solutions, customer support services, loyalty programs, and energy management offerings designed to meet evolving customer needs.
Performance
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Overview
Includes electricity production, trading, and generation development activities. It serves both commercial and industrial customers and also includes the company's share of associates earnings in TPC Holdings Limited. The segment also deals with the sale of trading emissions units to third parties. The segment's strategy is to generate revenue through electricity production, trading, and sales to commercial and industrial customers. Focuses on expanding Mercury’s wind and geothermal portfolio, improving generation reliability, managing market risks, and supporting New Zealand’s increasing demand for renewable electricity.
Performance
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Overview
Represents corporate support services that are not directly attributable to the generation and wholesale or customer segments. It also includes the company's share of associates' earnings in EnergySource LLC, EnergySource Minerals LLC and Forest Partners LP.
Performance
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