Mercury Energy
division of Mighty River Power
Mercury Energy is a trade name used by a retail division of Mighty River Power, a state-owned New Zealand electricity generation and retail company. Mercury retails electricity and gas, primarily in the North Island of New Zealand. In 2015, Mercury had a 17% share of the New Zealand retail electricity market.[1]
Mercury Energy's name
This trade name came from Mercury Energy Limited, owner and operator of that division's business until it was obliged by the government to sell it. Mercury Energy Limited had been formed in 1994 by the Auckland Energy Consumer Trust to own and run the electricity supply business previously operated by community-owned local authority, Auckland Electric Power Board.
Split retail and lines
Mighty River Power
In 1998 but after the 1998 Auckland power crisis Mercury Energy's electricity retailing division was sold to Mighty River Power then a wholly state-owned SOE. Mighty River Power's retailing division has continued the former trading name Mercury Energy.
Vector
Mercury Energy Limited changed its name to Vector Limited and continued the distribution and transmission operation.
Staff
Approximately 250 people work for the Mercury Energy division of Mighty River Power with the majority based in their Auckland office.
References
- ↑ "Market share snapshot". Electricity Authority (New Zealand). Retrieved 10 March 2016.
External links
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