Contact Energy Says Retail Mass Market Electricity Sales Fall in December 2024, Wholesale Sales Rise

MT Newswires Live

Jan 23, 2025

Contact Energy (NZE:CEN, ASX:CEN) reported that its retail mass market electricity sales fell in December 2024 year-over-year, while wholesale electricity sales rose over the same period, according to a Thursday filing with the Australian and New Zealand bourses.

Retail mass market electricity sales fell to 239 gigawatt hours (GWh) in December from 240 GWh in the same month in 2023. Retail gas sales also fell to 35 GWh from 39 GWh.

Wholesale electricity sales to customer businesses increased to 263 GWh from 256 GWh. Wholesale spot electricity sales grew to 765 GWh from 667 GWh.

It said electricity demand in New Zealand was down 1.4% in the period, compared with December 2023, due to reduced consumption by New Zealand's Aluminium Smelter, after the activation of demand response mechanisms.

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Retail gas sales also fell to 35 GWh from 39 GWh.</p><p>Wholesale electricity sales to customer businesses increased to 263 GWh from 256 GWh. Wholesale spot electricity sales grew to 765 GWh from 667 GWh.</p><p>It said electricity demand in New Zealand was down 1.4% in the period, compared with December 2023, due to reduced consumption by New Zealand's Aluminium Smelter, after the activation of demand response mechanisms.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CEN.AU","symbol_name":"CONTACT ENERGY LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2505082183","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505082183","pubTimestamp":1737595844,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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