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Why Are Contact Energy’s Costs Rising Despite Stronger Netbacks?

2:51am on Monday 2nd of June, 2025 AEST Energy
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Why Are Contact Energy’s Costs Rising Despite Stronger Netbacks?

2:51am on Monday 2nd of June, 2025 AEST
Key Points
  • Mass market electricity and gas sales down to 284GWh from 309GWh year-on-year
  • Customer and wholesale netbacks increased to $148.59/MWh and $146.59/MWh respectively
  • Te Huka 3 project nearly on target at 99.7% completion; Battery Energy Storage System lags at 66%
  • Own generation costs rose sharply to $41.6/MWh from $31.0/MWh in March 2025
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