Contact Energy Ltd September 2026 Operating Report
Key points
- Customer business mass market electricity and gas sales increased by 30% year-over-year
- Wholesale electricity and steam net revenue per MWh decreased by 9%
- Otahuhu futures settlement wholesale price for Q1 2027 increased to $115.50/MWh
- Renewable development projects under construction include Te Mihi Stage 2 geothermal and Glenbrook-Ohurua Battery
Full summary
Contact Energy's September 2026 operating report highlights increased mass market electricity and gas sales by 30% year-over-year in the customer business. However, wholesale electricity and steam net revenue per MWh decreased by 9%. The Otahuhu futures settlement wholesale price for Q1 2027 rose to $115.50/MWh. Contact Energy also disclosed ongoing renewable development projects, including Te Mihi Stage 2 geothermal and Glenbrook-Ohurua Battery, with expected online dates in Q3-CY27 and Q1-CY28, respectively.
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