Contact Energy reports lift in November sales and renewable projects progress

Contact Energy reports higher energy sales and progress on renewables, with customer numbers and storage at strong levels.

Laura Stewart

Author bio Laura Stewart is a Finance Editor at The Motley Fool, where she covers Australian and international equity markets. She joined the company in 2022, following a career transition from legal advisory work in Southeast Asia into the investment industry. Prior to her current editorial role, Laura spent three years as an Equity Analyst and Writer, producing investment research across the ASX, NYSE, and NASDAQ. Her coverage included small-cap growth companies, thematic investment ideas, and high-quality U.S.-listed businesses. Laura holds a Master of Applied Finance and brings additional expertise in accounting, taxation, and estate and wealth planning from her postgraduate studies. She also has a background in law and communications, which supports her analytical and reporting work in financial markets. Outside of work, she enjoys spending time in the Adelaide Hills with her flock of sheep. Education Laura holds a Bachelor of Laws, a Bachelor of Communication (Journalism), and a Bachelor of Commerce with majors in Accounting and Corporate Finance. In 2025, she completed a Master of Applied Finance at the University of Adelaide, receiving postgraduate awards in Accounting Concepts & Methods, Ethical Principles in Accounting & Finance, Real Estate Valuation & Investment, and Tax, Estate & Wealth Planning. Social media LinkedIn FYI – I am taking a break from social media at the moment, so this account isn’t active at the moment, but I will let you know when I rejoin. Favorite investment quote "Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." — Albert Einstein

Published December 16, 2025 8:41 am AEDT

The Contact Energy Ltd (ASX: CEN) share price is in focus today after the company reported a lift in both mass market electricity and gas sales to 319 GWh in November 2025, up from 290 GWh a year ago. Wholesale contracted electricity sales also rose to 845 GWh from 733 GWh, showing growth across both its Customer and Wholesale businesses.

A young man sits at his desk reading a piece of paper with a laptop open. — Image source: Getty Images

What did Contact Energy report?

Mass market electricity and gas sales reached 319 GWh (up from 290 GWh in November 2024)
Wholesale contracted electricity sales jumped to 845 GWh (733 GWh in November 2024)
Average electricity sales price was $353.82/MWh (previously $307.43/MWh)
Unit generation cost rose to $39.62/MWh (from $34.43/MWh a year earlier)
Customer netback improved to $138.75/MWh (up from $134.39/MWh)
Total customer connections grew to 667,000 (from 635,000)

What else do investors need to know?

Contact Energy has several renewable energy projects underway, including the Glenbrook-Ohurua battery project (expected online Q1 2026), Kowhai Park Solar (expected Q2 2026), and Te Mihi Stage 2 geothermal project (expected Q3 2027). These investments total over $1 billion and reflect the company's focus on low-carbon energy solutions and future growth.

Hydro storage levels remained strong, with South Island and North Island controlled storage well above long-term averages as of December 2025. Nationwide electricity demand was up 4.1% versus November 2024, signalling a generally positive market environment for the company.

What's next for Contact Energy?

Contact Energy is pressing ahead with its major development projects, which are expected to bolster renewable output and further diversify its generation mix. The company continues to manage gas contracts and energy storage closely, positioning itself to meet rising demand and future-proof its operations.

ESG remains a priority, with ongoing investment in emissions reduction, water management, biodiversity, and community initiatives. Investors should watch for further project updates and operational data in the coming quarters.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 1%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.

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