Contact Energy LimitedNZX: CEN

January 2022 Operating Report

· MarketScreener

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 2nd 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

useGWh

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

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