Mercury Energy
New Zealand electricity generating and retailing company / From Wikipedia, the free encyclopedia
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Mercury NZ Limited is a New Zealand electricity generation and multi-product utility retailer of electricity, gas, broadband and mobile telephone services. All the company's electricity generation is renewable. Mercury has a pre-paid electricity product sub-brand GLOBUG. Mercury Energy is also the largest electricity retailer in New Zealand.
Company type | Public |
---|---|
NZX: MCY ASX: MCY | |
Industry | Electric power generation |
Predecessor | ECNZ, Mighty River Power |
Founded | 1 April 1999 (1999-04-01) |
Headquarters | , |
Key people | Vince Hawksworth (CEO) |
Products | Electric power |
Services | Electricity retailing |
Revenue | NZ$2,188M (2022)[1] |
NZ$581M (2022)[1] | |
NZ$469M (2022)[1] | |
Total assets | NZ$9,660M (2022)[1] |
Total equity | NZ$4,752M (2022)[1] |
Owner | New Zealand Government (51.15%) |
Number of employees | 1335[1] (2022) |
Subsidiaries | GLOBUG (prepay power) |
Website | www |
Mercury generates most of its energy from nine hydro stations on the Waikato River and five geothermal plants in the central north island as well as a number of wind farms.[2][3] As of June 2021[update], Mercury had generated 3,611 GWh of electricity through hydro generation and 2,594 GWh through geothermal generation.[4]
Mercury also service industrial and wholesale market customers offering electricity and natural gas products. Since 2022 it has also offered internet fibre broadband services as a bundle for its residential electricity customers.[5] Mercury has offices in Auckland, Tauranga, Hamilton, Rotorua, Palmerston North, Wellington and Oamaru.