Monthly Operating Report
ersonal use only
February 2022
Putting our energy where it matters
For the month of February 2022 | |||
only | » The Customer business recorded: | » Otahuhu futures settlement wholesale price for | |
the 2nd quarter of 2022 (ASX): | |||
• Mass market electricity and gas sales of 262GWh (February | • As at 09 Mar 2022: $235/MWh | ||
2021: 246GWh) | • As at 28 Feb 2022: $187/MWh | ||
use | • Mass market netback of $109.14/MWh (February 2021: | ||
• As at 31 Jan 2022: $185/MWh | |||
$100.20/MWh) | |||
» The Wholesale business recorded: | » As at 09 Mar 2022, South Island controlled | ||
storage was 99% of mean and North Island | |||
• Contracted Wholesale electricity sales, including that sold to | |||
controlled storage was 138% of mean | |||
the Customer business, totalled 557GWh (February 2021: | • As at 09 Mar 2022, total Clutha scheme | ||
530GWh) | |||
storage (including uncontrolled storage) | |||
• Electricity and steam net revenue of $93.65/MWh (February | |||
ersonal | was 80% of mean | ||
2021: $83.65/MWh) | • Inflows into Contact's Clutha catchment | ||
• Electricity generated (or acquired) of 597GWh (February 2021: | |||
for February 2022 were 156% of mean | |||
586GWh) | (January 2022: 42% | ||
• The unit generation cost, which includes acquired generation | December 2021: 98% | ||
was $36.78/MWh (February 2021: $41.90/MWh) | November 2021: 86%) | ||
• Own generation cost in the month of $32.01/MWh | » As at 1 March 2022, Contact's contracted gas | ||
(February 2021: $35.25MWh) | volume (including contracted swaps) for the | ||
next 12 months is 15.35PJ* | |||
* As notified by suppliers, actual gas received is dependent on field delivery | |||
Contact Energy / Monthly Operating Report | 2 |
only | |
New Zealand controlled hydro storage | |
12 MONTHS | |
4500 | |
4000 | |
3500 | |
useGWh | |
3000 | |
2500 | |
2000 | |
1500 | |
1000 | |
ersonal | |
500 | |
0 |
Mar Apr May Jun Jul Aug Sep
South Island Actual
South Island post-market mean
against mean | ASX futures settlement | ||||||
Otahuhu | |||||||
$/MWh | 200 | ||||||
100 | |||||||
0 | |||||||
CY22 | CY23 | CY24 | CY25 | ||||
30/06/2021 | 31/01/2022 | 28/02/2022 | |||||
Benmore | |||||||
200 | |||||||
$/MWh | 150 | ||||||
50 | |||||||
100 | |||||||
Oct Nov Dec Jan | Feb | 0 | |||||
North Island Actual | CY22 | CY23 | CY24 | CY25 | |||
30/06/2021 | 31/01/2022 | 28/02/2022 | |||||
National post-market mean | |||||||
Contact Energy / Monthly Operating Report | 3 |
only | periods | 40% | |||||||||
Wholesale electricity pricing | Distribution of wholesale market price by trading periods | ||||||||||
Otahuhu | |||||||||||
80% | |||||||||||
300 | 60% | ||||||||||
use$/MWh | tradingof periodstradingof% | ||||||||||
250 | 20% | ||||||||||
200 | 0% | ||||||||||
<$35 | $36-$60 | $61-$85 | $86-$110 | $111-$135 | $136-$160 | >$160 | |||||
150 | Benmore | Feb-22Feb-21Jan-22 | |||||||||
100 | 80% | ||||||||||
ersonal | 60% | ||||||||||
50 | 40% | ||||||||||
0 | % | 20% | |||||||||
0% | |||||||||||
Jul Aug Sept Oct | Nov Dec | Jan Feb Mar | Apr May Jun | ||||||||
<$35 | $36-$60 | $61-$85 | $86-$110 | $111-$135 | $136-$160 | >$160 | |||||
FY21 BEN | FY22 BEN | FY21 OTA | FY22 OTA | Feb-22 | Feb-21 | Jan-22 | |||||
Contact Energy / Monthly Operating Report | 4 |
only | 4% |
Total national demand | Regional demand change (%) on February 2021 |
FY20, 21 and 22 respectively
10%
4,000
3,500 | 3% | |
6% | ||
3,000 | ||
2,500 | |||||||||
useGWh | Nationwide | ||||||||
2,000 | temperatures for | ||||||||
1,500 | February 2022 were | ||||||||
1,000 | 17.8ºC, 0.5ºC higher | ||||||||
500 | than February 2021: | ||||||||
17.3ºC | |||||||||
- | |||||||||
Jul | Aug Sep Oct | Nov Dec Jan Feb | Mar Apr May Jun | ||||||
ersonal | North Island | South Island (exc. NZAS) | NZAS | ||||||
» New Zealand electricity demand was down 2.3% on February 2021 (down 6.8% on February 2020):
• Cumulative 12 months demand for March 2021 to February 2022 of 41,276 GWh is up 1.0% to the prior comparative period.
S urce: Contact and Electricity Authority grid demand (reconciled) http://www.emi.ea.govt.nz
Contact Energy / Monthly Operating Report
(13%)
5%
6%
4%
(2%)
1%
(5%)
(28%)
(7%)
(6%)
(41%)
(4%)
2%
(2%)
Regional demand is excluding NZAS
5
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