MENU

Renewables player Mercury NZ Ltd (ASX:MCY) generation up, customers down

New Zealand-based electricity company Mercury NZ Ltd (ASX: MCY) has recorded an impressive annual generation out of its renewable portfolio according to a quarterly update released today.

Mercury’s 100% renewable portfolio set a new generation record of 7,704GWh in the 12 months to June 30 – the highest North Island inflow in company history.

But the generation win comes after customer numbers across all brands decreased by 3000 over the period due to “sustained intense retail competition” with Mercury now focused on “rewarding and inspiring” customers to meet its competition head-on.

On home soil major utility providers are locked into the same competition cycle, although in the renewables space, AGL Energy Ltd (ASX: AGL) leads the way with interests in hydro, wind, landfill, gas, solar and biomass, while Origin Energy Ltd (ASX: ORG) is more focused on gas and oil exploration.

Confidence in renewable energy is tipped to surge in the short to medium term, but the sector is impacted by government regulation which has a definite impact on shareholder sentiment towards companies in the space.

Renewable energy is expected to be a major disruptor in the near future, as players in the space keep coming with these 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!