Key points
- Mass market electricity and gas sales of 274GWh
- Wholesale contracted electricity sales of 699GWh
- Electricity and steam net revenue of $98.75/MWh
- Unit generation cost of $30.68/MWh
Full summary
Contact Energy Ltd has released its December 2024 operating report, providing an overview of the company's performance during the month. The key highlights include:The Customer business recorded mass market electricity and gas sales of 274GWh, compared to 279GWh in December 2023, with a mass market netback of $156.56/MWh (December 2023: $145.23/MWh). The Wholesale business recorded contracted Wholesale electricity sales, including that sold to the Customer business, totalling 699GWh (December 2023: 692GWh), with electricity and steam net revenue of $98.75/MWh (December 2023: $96.02/MWh). Electricity generated (or acquired) was 765GWh (December 2023: 692GWh), with a unit generation cost, including acquired generation, of $30.68/MWh (December 2023: $40.03/MWh).The report also provides updates on the progress of the Te Huka 3 and Battery Energy Storage System (BESS) projects, as well as information on hydro storage levels, wholesale electricity pricing, and regional demand changes.The company's environmental, social, and governance (ESG) performance is also highlighted, including metrics related to greenhouse gas emissions, water usage, biodiversity, and community engagement.
Guidance
Contact Energy has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.