Contact Energy Limited (COENF) has released an update.
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Contact Energy Limited reported mixed results for June 2024, with mass market electricity and gas sales slightly down from the previous year at 421 GWh, but a slight increase in mass market netback. The wholesale business saw a notable increase in electricity sales and revenue, but also a substantial rise in unit generation costs. Additionally, the Te Huka 3 project is slightly behind target, while fluctuating wholesale prices and controlled storage levels indicate a variable market environment.
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