Contact Energy looks to tighten electricity market after 'crappy quarter'

Mon, 14 Aug 2017

by Pattrick Smellie Aug. 14 (BusinessDesk) - Contact Energy is looking to tighten electricity supply, saying it will seek better prices for roughly half a terawatt hour of its total annual generation either from commercial and industrial customers, wholesale spot market sales, or simply not selling it. At a briefing on the company's profit result for the year to June 30, chief executive Dennis Barnes said the company would be running a less aggressive hedging policy in future, reducing the amount of electricity it needs to buy each year e...

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