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7/11/2018 — General
Contact’s energy costs down in October

In the month of October Contact Energy Ltd (NZX & ASX: CEN) had total electricity and gas sales of 625 gigawatt hours compared to October 2017’s 655 GWh).

The company said yesterday that its netback for this October was $93.09/MWh (October, 2017: $81.68/MWh), while the cost of energy was a positive $7.96/MWh (October 2017: ($30.44/MWh).

As at November 2 the South Island controlled storage was 71% of mean (October 31, 2018: 72%) and North Island controlled storage was 75% of mean (October 31, 2018: 74%).

At the same time the total Clutha scheme storage - including uncontrolled storage – was only 57% of mean.

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