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Contact Energy : November 2021 Operating Report

12/13/2021 | 03:46pm EDT

Monthly Operating Report

ersonal use only

November 2021

Putting our energy where it matters

Following the outcome of the Metroglass Holidays Act appeal, the provision for the remediation of the Holidays Act non-compliance (approximately $7m) was released to the Unallocated/Corporate segment in November. Guidance for FY22 Unallocated/Corporate segment is therefore updated to - $26m.

For the month of November 2021

only

» The Customer business recorded:

» Otahuhu futures settlement wholesale price for

the 1st quarter of 2022 (ASX):

• Mass market electricity and gas sales of 299GWh (November

• As at 06 Dec 2021: $147/MWh

2020: 299GWh)

• As at 30 Nov 2021: $135/MWh

use

• Mass market electricity and gas netback of $106.89/MWh

• As at 29 Oct 2021: $124/MWh

(November 2020: $96.58/MWh)

» The Wholesale business recorded:

» As at 06 Dec 2021, South Island controlled

storage was 132% of mean and North Island

• Contracted Wholesale electricity sales, including that sold to

controlled storage was 125% of mean

the Customer business, totalled 655GWh (November 2020:

• As at 06 Dec 2021, total Clutha scheme

616 GWh)

storage (including uncontrolled storage)

• Electricity and steam net revenue of $81.73/MWh (November

was 107% of mean

2020: $73.59/MWh)

• Inflows into Contact's Clutha catchment

• Electricity generated (or acquired) of 702 GWh (November

for November 2021 were 87% of mean

2020: 676 GWh)

(October 2021: 98%

• The unit generation cost, which includes acquired generation

September 2021: 154%

was $28.32/MWh (November 2020: $36.61/MWh)

August 2021: 163%)

• Own generation cost in the month of $25.11/MWh

» As at 1 November 2021, Contact's contracted

(November 2020 : $29.47MWh)

gas volume (including contracted swaps) for the

next 12 months is 14.9PJ*

ersonal

* As notified by suppliers, actual gas received is dependent on field delivery

Contact Energy / Monthly Operating Report

2

only

100

New Zealand controlled hydro storage against mean

ASX futures settlement

12 MONTHS

Otahuhu

4500

200

4000

$/MWh

3500

useGWh

3000

0

2500

CY21

CY22

CY23

CY24

2000

30/06/2020

29/10/2021

30/11/2021

Benmore

1500

200

1000

150

ersonal

$/MWh

500

50

100

0

Dec Jan Feb Mar Apr May

Jun Jul Aug Sep Oct Nov

0

CY21

CY22

CY23

CY24

South Island Actual

North Island Actual

30/06/2020

29/10/2021

30/11/2021

South Island post-market mean

National post-market mean

Contact Energy / Monthly Operating Report

3

only

Wholesale electricity pricing

300

use$/MWh

250

200

150

100

ersonal

50

0

Jul Aug Sept Oct

Nov Dec

FY21 BEN

FY22 BEN

Distribution of wholesale market price by trading periods

Otahuhu

tradingof

periods

80%

60%

40%

%

20%

0%

<$35

$36-$60

$61-$85

$86-$110

$111-$135$136-$160 >$160

Benmore

Nov-21

Nov-20

Oct-21

tradingof

periods

80%

60%

40%

Jan Feb Mar

Apr May Jun

%

20%

0%

<$35

$36-$60

$61-$85

$86-$110

$111-$135

$136-$160 >$160

FY21 OTA

FY22 OTA

Nov-21

Nov-20

Oct-21

Contact Energy / Monthly Operating Report

4

only3,000

2%

Total national demand

Regional demand change (%) on November 2020

FY20, 21 and 22 respectively

0%

4,000

3,500

3%

(2%)

2,500

useGWh

Nationwide

2,000

temperatures for

1,500

November 2021 were

1,000

15.4ºC, 0.8ºC higher

500

than November 2020:

14.6ºC

-

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 in line with November 2021 (down 0.2% on November 2019):

• Cumulative 12 months demand for December 2020 to November 2021 of 41,357 GWh is up 0.4% 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%)

4%

6%

(2%)

2%

(4%)

1%

16%

(5%)

3%

1%

(6%)

(0%)

1%

Regional demand is excluding NZAS

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Contact Energy Ltd. published this content on 13 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2021 20:45:07 UTC.


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