Business
Genesis Energy reviews future of Huntly Unit 5 as gas generation winds down
Genesis Energy is considering whether to sell or retain a 403 MW gas-fired generator at Huntly Power Station beyond 2029.
Thread
Mercury Energy annual results 2026
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The story so far
Business
Genesis lifts annual earnings 11% on strong retail margins and favourable hydro conditions
Genesis Energy has increased underlying annual earnings to $522 million, boosted by stronger retail margins and improved hydroelectric conditions.
Business
Meridian Energy returns to $130m profit after drought recovery
New Zealand's largest renewable electricity generator bounced back to profitability with record earnings after last year's drought-driven loss.
Cost of Living
Power companies rake in record profits as household bills climb, frustrating consumers
Energy firms are reporting record profits while household power bills continue to rise, fuelling consumer frustration.
Cost of Living
Mercury Energy to cap residential power price rises at inflation rate
Mercury Energy says it will limit residential electricity price increases to at or below CPI inflation as it passes through network costs.
Business
Mercury reports record earnings of $1.07 billion on strong hydro conditions
Energy company Mercury lifted its dividend after earnings jumped 36% to $1.07 billion, driven by favourable hydro conditions and increased generation.