Contact Energy Limited (COENF) has released an update.
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Contact Energy Limited reports a slight decrease in mass market electricity and gas sales, but an increase in netback and wholesale prices in August 2024 compared to the previous year. Their Te Huka 3 project is slightly behind target, and while future contracted gas volumes are forecasted to be between 8.3-8.8PJ, potential reductions may occur dependent on drilling outcomes. Storage levels across the South and North Islands show a healthy supply, with the South Island exceeding average controlled storage levels.
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