Contact Energy mass market electricity sales fall on demand slip

Company News

by Jessica Amir

New Zealand electricity generation company, Contact Energy, (ASX:CEN) has advised its mass market electricity sales fell for the 12 moths ending June 2018, compared the same time last year.

It comes as it revealed national NZ demand rose 3.2 per cent, compared to the same time last year, in June.

Contact Energy says that compares the jump of 5.6 per cent in energy demand, compared to two years prior.

Pockets of the North Island have sighted the strongest change in June, with some areas rising by 10 per cent.

As for the South Island, some regions saw no change in demand, while some parts of the North saw a fall in demand of 11 per cent.

Shares Contact Energy, (ASX:CEN) closed 2.80 per cent lower at $5.20 yesterday.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.