Contact Energy Ltd reports July operating results
Key points
- Mass market electricity and gas sales of 456GWh
- Wholesale electricity sales of 812GWh
- Unit generation cost of $42.45/MWh
- Renewable development projects under construction
Full summary
Contact Energy Ltd has released its July 2025 operating report, providing an overview of the company's performance across its Customer and Wholesale business segments. In the Customer business, the company recorded mass market electricity and gas sales of 456GWh, with a mass market netback of $148.69/MWh. In the Wholesale business, the company recorded contracted wholesale electricity sales, including to the Customer business, totaling 812GWh, with electricity and steam net revenue of $188.71/MWh. The company's unit generation cost, including acquired generation, was $42.45/MWh, with own generation cost at $29.5/MWh. The report also provides updates on the company's renewable development projects, including the Glenbrook-Ohurua BESS, Kowhai Park Solar, and Te Mihi Stage 2 geothermal projects. The report includes details on New Zealand's controlled hydro storage, wholesale electricity pricing, and regional demand changes.
Guidance
Contact Energy's contracted gas volume (including contracted swaps) for the next 12 months is 8.2PJ.
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