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.
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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.
