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Contact Energy Boosts Sales and Cuts Generation Costs Amid Renewable Expansion

6:38am on Thursday 16th of April, 2026 AEST Energy
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Contact Energy Boosts Sales and Cuts Generation Costs Amid Renewable Expansion

6:38am on Thursday 16th of April, 2026 AEST
Key Points
  • Mass market electricity and gas sales rose 27% year-on-year to 359GWh
  • Contracted wholesale electricity sales climbed to 903GWh with unit generation costs falling to $56.24/MWh
  • Key renewable projects include Kōwhai Park Solar, Te Mihi Stage 2 geothermal, and Glenbrook-Ohurua Battery 2
  • South Island hydro storage at 99% of mean, North Island storage at 182% of mean
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