Monthly Operating Report

ersonal use only

October 2021

Putting our energy where it matters

For the month of October 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 347GWh (October

• As at 05 Nov 2021: $142/MWh

2020: 346GWh)

• As at 31 Oct 2021: $124/MWh

use

• Mass market electricity and gas netback of $104.46/MWh

• As at 30 Sep 2021: $127/MWh

(October 2020: $99.15/MWh)

» The Wholesale business recorded:

» As at 07 Nov 2021, South Island controlled

storage was 125% of mean and North Island

• Contracted Wholesale electricity sales, including that sold to

controlled storage was 132% of mean

the Customer business, totalled 690GWh (October 2020: 638

• As at 07 Nov 2021, total Clutha scheme

GWh)

storage (including uncontrolled storage)

• Electricity and steam net revenue of $91.57/MWh (October

ersonal

was 103% of mean

2020: $76.69/MWh)

• Inflows into Contact's Clutha catchment

• Electricity generated (or acquired) of 744 GWh (October 2020:

for October 2021 were 98% of mean

716 GWh)

(September 2021: 154%

• The unit generation cost, which includes acquired generation

August 2021: 163%

was $27.91/MWh (October 2020: $36.99/MWh)

July 2021: 169%)

• Own generation cost in the month of $22.25/MWh

» As at 1 November 2021, Contact's contracted

(October 2020 : $32.95MWh)

gas volume (including contracted swap returns)

for the next 12 months is 13.4PJ*

* 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

30/09/2021

29/10/2021

Benmore

1500

200

1000

$/MWh

150

ersonal

50

500

100

0

0

Nov Dec Jan Feb Mar Apr

May Jun Jul Aug Sep Oct

CY21

CY22

CY23

CY24

South Island Actual

North Island Actual

30/06/2020

30/09/2021 29/10/2021

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

60%

tradingof

periods

40%

%

20%

0%

<$35

$36-$60

$61-$85

$86-$110

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

Benmore

Oct-21

Oct-20

Sep-21

tradingof

periods

60%

20%

Jan Feb Mar

Apr May Jun

%

40%

0%

<$35

$36-$60

$61-$85

$86-$110

$111-$135

$136-$160 >$160

FY21 OTA

FY22 OTA

Oct-21

Oct-20

Sep-21

Contact Energy / Monthly Operating Report

4

only

(2%)

Total national demand

Regional demand change (%) on October 2020

FY20, 21 and 22 respectively

4,000

1%

3,500

(0%)

3,000

(3%)

(11%)

2,500

6%

useGWh

Nationwide

2,000

2%

temperatures for

7%

1,500

October 2021 were

1%

1,000

13.2ºC, no change to

(2%)

October 2020: 13.2ºC

500

(2%)

-

Jul Aug Sep Oct

Nov Dec Jan Feb

Mar Apr May Jun

(10%)

ersonal

(7%)

North Island

South Island (exc. NZAS)

NZAS

(4%)

(26%)

» New Zealand electricity demand was down 3.0% on October 2020 (down 2.8%

1%

on October 2019):

(2%)

• Cumulative 12 months demand for November 2020 to October 2021 of

(1%)

41,356 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

Regional demand is excluding NZAS

Contact Energy / Monthly Operating Report

5

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Contact Energy Ltd. published this content on 14 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2021 20:49:00 UTC.