Contact Energy sales decline while cost of energy increases

Company News

by David Murdoch

Contact Energy Limited (ASX:CEN) has recorded a 20 GWh drop in electricity sales from last year as New Zealand’s electricity demand declined 2.3 per cent on August 2016.

Contact Energy Limited is a New Zealand electricity generator and natural gas wholesaler.

Cost of energy increased to $35.99/MWh compared to last year’s figure of $30.11/MWh.

Hydro generation was down 15 per cent or 49 GWh in August this year compared to 2016.

Shares in Contact Energy Limited (ASX:CEN) opened flat at $4.94 .

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