Contact Energy : January 2022 Operating Report

About this update from Contact Energy Limited

Monthly Operating Report ersonal use only January 2022 January overview. For the month of January 2022 only » The Customer business recorded: » Otahuhu futures settlement wholesale price for the 2 nd quarter of 2022 (ASX): • Mass market electricity and gas sales of 276GWh (January • As at 07 Feb 2022: $186/MWh 2021: 261GWh) • As at 01 Jan 2022: $185/MWh use • Mass market netback of $105.93/MWh (January 2021: • As at 31 Dec 2021: $160/MWh $103.59/MWh) » The Wholesale business recorded: » As at 07 Feb 2022, South Island controlled storage was 112% of mean and North Island • Contracted Wholesale electricity sales, including that sold to controlled storage was 123% of mean the Customer business, totalled 564GWh (January 2021: • As at 07 Feb 2022, total Clutha scheme 574GWh) storage (including uncontrolled storage) • Electricity and steam net revenue of $83.85/MWh (January ersonal was 105% of mean 2021: $83.37/MWh) • Inflows into Contact's Clutha catchment • Electricity generated (or acquired) of 649GWh (January 2021: for January 2022 were 43% of mean 645GWh) (December 2021: 95% • The unit generation cost, which includes acquired generation November 2021: 87% was $37.69/MWh (January 2021: $28.78/MWh) October 2021: 98%) • Own generation cost in the month of $32.88/MWh » As at 1 February 2021, Contact's contracted (January 2021: $26.96MWh) gas volume (including contracted swaps) for the next 12 months is 15.64PJ* * As notified by suppliers, actual gas received is dependent on field delivery Contact Energy / Monthly Operating Report 2 Hydro storage and forward prices. only 100 New Zealand controlled hydro storage against mean ASX futures settlement 12 MONTHS Otahuhu 4500 200 $/MWh 3500 4000 use GWh 0 3000 2500 CY22 CY23 CY24 CY25 30/06/2021 31/12/2021 31/01/2022 2000 Benmore 1500 1000 200 ersonal 150 500 $/MWh 50 0 100 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 0 South Island Actual North Island Actual CY22 CY23 CY24 CY25 30/06/2021 31/12/2021 31/01/2022 South Island post-market mean National post-market mean Contact Energy / Monthly Operating Report 3 only Wholesale market. periods Distribution of wholesale market price by trading periods Wholesale electricity pricing Otahuhu 60% 300 40% use $/MWh 250 tradingof periodstradingof% 20% 0% 200 <$35 $36-$60 $61-$85 $86-$110 $111-$135 $136-$160 >$160 150 Jan-22 Jan-21 Dec-21 Benmore 100 60% ersonal 50 40% 20% 0 % 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 Jan-22 Jan-21 Dec-21 Contact Energy / Monthly Operating Report 4 ersonal use only Electricity demand. Information for January not yet available. Contact Energy / Monthly Operating Report 5 This is an excerpt of the original content. To continue reading it, access the original document here .

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