18 February 2014
Contact Energy Limited - Half year results
"Contact’s earnings have become more predictable with the reduction in gas take-or-pay commitments, the upgrade of the inter-island transmission link and investment in thermal plant flexibility.
Higher than normal inflows to hydro schemes avoided the need to run expensive thermal generation and reduced energy procurement costs. With more customers on discounted prices Contact maintained sales volumes and customer numbers in what remains a highly competitive retail market” Chief Executive Dennis Barnes said.
Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.