Contact Energy (ASX:CEN) Releases March 2025 Operating Report
Financial Performance
Contact Energy reported a mass market netback of $182.13/MWh for March 2025, up from $142.10/MWh in March 2024. Wholesale electricity and steam net revenue increased to $135.72/MWh compared to $129.99/MWh year-on-year. The unit generation cost rose to $70.12/MWh from $60.74/MWh in the previous year.
Operational Highlights
Mass market electricity sales decreased to 282GWh in March 2025 from 297GWh in March 2024, while wholesale contracted electricity sales fell to 701GWh from 740GWh. The Te Huka 3 project achieved 99.6% of its February 2025 target, and the Battery Energy Storage System (BESS) project progressed to 60% of its target.
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