Mercury NZ Limited Overview
Pro stress-test →Mercury NZ generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. The company generates electricity from renewable sources, such as hydro, geothermal and wind, and is also a retailer of electricity, gas, broadband and mobile services to residential and small to medium-sized business customers.
Strategic Profile
Pro stress-test →All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.
Competitive Landscape
Pro stress-test →Mercury NZ competes with three other major electricity generators in New Zealand: Contact Energy, Genesis Energy, and Meridian Energy. The competitive retail market creates near-term pricing pressure, but Mercury's large renewable generation fleet and Auckland market dominance provide structural advantages. New Zealand's oligopolistic electricity sector limits new entrants.
Industry Context
Mercury NZ Limited operates in Renewable Energy & Utilities.
Key facts
Founded: 1998 · Headquarters: Auckland, New Zealand · Employees: 1,360 · Revenue: NZD 3.5B · Market cap: NZD 9.17B