Contact Energy : February 2022 Operating Report

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