Why the Mercury (ASX:MCY) share price is on watch Ken Hall | April 21, 2021 8:42am | More on: The Mercury NZ Ltd (ASX: MCY) share price is one share worth watching in early trade. It comes as the Kiwi electricity generator and retailer provided its latest quarterly update to the market. Why is the Mercury share price on watch? Mercury this morning provided its quarterly update for the period ended 31 March 2021 (Q3 2021). The company highlighted persistent dry conditions and price uplifts as key factors in the latest numbers. Mercury’s hydro generation increased by 8.5% over Q3 2020 figures to 910 gigawatt hours (GWh) despite Waikato catchment inflows being 168GWh below average. Those higher production numbers came as the company responded to higher spot prices in the market. Notably, Mercury’s hydro generation forecast remains unchanged at 3,800GWh for the full year.