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Contact Energy Limited (ASX:CEN)

ALERT: Price-sensitive ASX Announcement for CEN
Current share price for CEN : $7.530 -0.27 (-3.46%)+
Announcement
Release
21 Jul 2026 7:30AM
Price at Release
$7.800
Full Release
download
Summary
The June 2026 Operating Report for Contact Energy Limited details the company's performance across both customer and wholesale business segments. Mass market electricity and gas sales increased to 495GWh, with wholesale electricity sales totaling 1,056GWh. The electricity and steam net revenue was $175.68/MWh, and the generation or acquisition of electricity reached 1,101GWh, with a reduced unit generation cost of $38.16/MWh. Futures settlement prices at Otahuhu and storage levels in both the South and North Islands reflected positive trends. Contact Energy also highlighted contracted gas volumes and various renewable development projects under construction. National electricity demand slightly decreased, while June 2026 recorded New Zealand’s warmest average temperature.
Key Points
  • Contact's mass market electricity and gas sales increased to 495GWh in June 2026.
  • Wholesale electricity sales, including those sold to the Customer business, totaled 1,056GWh in June 2026.
  • The net revenue for electricity and steam was $175.68/MWh in June 2026.
  • Electricity generated or acquired reached 1,101GWh in June 2026 with a unit generation cost of $38.16/MWh.
  • Otahuhu futures settlement wholesale price was $62.6/MWh as of 30 June 2026.
  • Controlled storage levels in the South and North Islands were above mean levels as of July 2026.
  • Contact's contracted gas volume for the next 12 months is 7.8PJ.
  • Current renewable projects include Kowhai Park Solar, Te Mihi Stage 2 geothermal, Glenbrook-Ohurua Battery 2, and Glorit Solar.
  • New Zealand's electricity demand slightly decreased by 0.04% in June 2026 compared to June 2025.
  • The nationwide average temperature for June 2026 was the warmest on record at 10.6ºC.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.