Contact Energy (ASX:CEN) Releases February 2025 Operating Report
Financial Performance
Contact Energy reported a mass market netback of $159.57/MWh in February 2025, up from $141.02/MWh in February 2024. The Wholesale business saw electricity and steam net revenue increase to $133.15/MWh from $115.65/MWh. However, the unit generation cost rose to $70.95/MWh compared to $46.23/MWh last year.
Operational Highlights
Mass market electricity and gas sales were 237 GWh in February 2025, down from 252 GWh in the same month last year. Contracted Wholesale electricity sales totaled 632 GWh, slightly lower than the 643 GWh in February 2024. Electricity generated or acquired increased to 675 GWh from 671 GWh.
Project Progress
The Te Huka 3 project achieved 99.5% of its February 2025 target, nearing completion. The Battery Energy Storage System (BESS) project reached 54%, slightly below the 60% target for the month.
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