Contact Energy : December 2021 Operating Report

Monthly Operating Report

ersonal use only

December 2021

Putting our energy where it matters

For the month of December 2021
only	» The Customer business recorded:	» Otahuhu futures settlement wholesale price for
the 2nd quarter of 2022 (ASX):
• Mass market electricity and gas sales of 288GWh (December	• As at 11 Jan 2022: $180/MWh
2020: 286GWh)	• As at 31 Dec 2021: $160/MWh
use	• Mass market netback of $106.73/MWh (December 2020:
• As at 30 Nov 2021: $168/MWh
$98.67/MWh)
	» The Wholesale business recorded:	» As at 11 Jan 2022, South Island controlled
	storage was 115% of mean and North Island
	• Contracted Wholesale electricity sales, including that sold to
	controlled storage was 131% of mean
	the Customer business, totalled 644GWh (December 2020:	• As at 11 Jan 2022, total Clutha scheme
	582 GWh)
	storage (including uncontrolled storage)
	• Electricity and steam net revenue of $83.30/MWh (December
ersonal	was 87% of mean
2020: $70.29/MWh)	• Inflows into Contact's Clutha catchment
• Electricity generated (or acquired) of 684 GWh (December
	for December 2021 were 94% of mean
	2020: 617 GWh)	(November 2021: 87%
	• The unit generation cost, which includes acquired generation	October 2021: 98%
	was $20.03/MWh (December 2020: $33.29/MWh)	September 2021: 154%)
	• Own generation cost in the month of $18.24/MWh	» As at 1 December 2021, Contact's contracted
	(December 2020 : $29.43MWh)	gas volume (including contracted swaps) for the
		next 12 months is 15.24PJ*
		* 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
		$/MWh
3500
4000
useGWh					0
3000
2500				CY22	CY23	CY24	CY25
						30/06/2021	30/11/2021	31/12/2021
2000				Benmore
1500				150
1000
ersonal				$/MWh	100
0
500				50
		Jan Feb Mar Apr May Jun	Jul Aug Sep Oct Nov Dec		0
					CY22	CY23	CY24	CY25
		South Island Actual	North Island Actual			30/06/2021	30/11/2021 31/12/2021
		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%
					20%
							60%
					%		40%
						0%
							<$35	$36-$60		$61-$85		$86-$110$111-$135$136-$160	>$160
							Benmore				Dec-21		Dec-20		Nov-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							Dec-21			Dec-20		Nov-21

Contact Energy / Monthly Operating Report

4

only3,000	4%
Total national demand	Regional demand change (%) on December 2020

FY20, 21 and 22 respectively

(0%)

4,000

3,500		5%
1%

2,500
useGWh								Nationwide
2,000								temperatures for
1,500								December 2021 were
1,000								17.4ºC, 1.6ºC higher
500								than December 2020:
							15.8ºC
-
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 2.1% on December 2020 (down 2.9% on December 2019):

• Cumulative 12 months demand for January 2021 to December 2021 of 41,289 GWh is up 0.3% 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

(9%)

7%

5%

8%

1%

(1%)

2%

(13%)

(2%)

(3%)

(32%)

(8%)

(1%)

(2%)

Regional demand is excluding NZAS

5