Contact Energy April 2026 Operating Report
Key points
- Mass market electricity and gas sales increased by 30.6% and 98.3% respectively compared to April 2025
- Wholesale electricity sales increased by 37.1% compared to April 2025
- Unit generation cost decreased by 6.8% compared to April 2025
- Otahuhu futures settlement wholesale price for Q3 2026 decreased to $141/MWh as of 15 May 2026
Full summary
Contact Energy's April 2026 operating report highlights a significant increase in both mass market electricity and gas sales, with a 30.6% and 98.3% rise respectively compared to April 2025. Wholesale electricity sales also saw a notable increase of 37.1% over the same period. Despite these increases, the unit generation cost decreased by 6.8% compared to April 2025, reflecting improved operational efficiencies. Additionally, the Otahuhu futures settlement wholesale price for Q3 2026 decreased to $141/MWh as of 15 May 2026, down from $189/MWh as of 31 March 2026. Storage levels and inflows into Contact's Clutha catchment also showed positive trends, with storage levels above mean and inflows at 123% of mean for April 2026.
Guidance
Contact Energy expects continued operational efficiency improvements and stable wholesale pricing trends.
Outlook
Contact Energy anticipates sustained operational efficiency improvements and stable wholesale pricing trends in the upcoming months.
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