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Contact Energy Cuts Generation Costs as Sales and Storage Surge
7:40am on Wednesday 18th of March, 2026 AEDT
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Energy
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Contact Energy Cuts Generation Costs as Sales and Storage Surge
7:40am on Wednesday 18th of March, 2026 AEDT
Key Points
Mass market electricity and gas sales up to 295GWh from 237GWh year-on-year
Unit generation costs nearly halved to $31.0/MWh for own generation
Wholesale electricity sales increased to 816GWh with strong contracted volumes
Hydro storage levels remain high at 98% (South Island) and 164% (North Island) of mean
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CONTACT ENERGY (ASX:CEN)
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