Mercury Quarterly Operational Update - 3 months to Dec 31, 2019
23 Jan 2020
MEDIA RELEASE MERCURY: Mercury maintained a prudent approach to risk management in Q2-FY2020, decreasing hydro generation by 74GWh compared to the same quarter last year, resulting in a strong hydro -storage position in the approach to the third quarter; historically the lowest inflow quarter for the Waikato catchment.
Forecast low inflows in Q3-FY2020 were also expected to coincide with an increased likelihood of high spot prices, indicated by a $158/MWh Otahuhu futures price for Q3-FY2020 as at 1 October 2019, impacted by planned transmission and thermal fuel supply outages.
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