Half Year 2023 Mercury NZ Ltd Earnings Call Transcript
Thank you for standing by, and welcome to Mercury's 2023 interim results analyst briefing. (Operator Instructions)
I would now like to hand the call over to Chief Executive Officer, Vince Hawksworth. Please go ahead.
Morena everybody, and welcome to the Mercury interim results call. I'm joined by William Meek, our Chief Financial Officer, and we'll proceed on through the presentation now. So going to our first major slide on Slide 3 there. I guess the message here is that the investment in increased scale and our higher generation has driven the results. It's been an incredibly wet, wet, wet year. Our hydro generation has been up 45%. But not only that, in order to stay within operating constraints for our resource consents, we've seen 675 gigawatt hours of spill. That message around scale, lifting earning is really important. We're seeing the benefits of new wind generation coming from Turitea from the north section and from the ex Tilt wind farms.
And if you add that with the
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