Contact Energy Limited (CEN)

Overview

Contact Energy Limited is an energy provider based in Wellington, New Zealand, established in 1995. The company plays a significant role in the New Zealand energy market, focusing on the generation and sale of electricity and natural gas. Its operations are segmented into Wholesale and Retail divisions, catering to various market needs from electricity supply to the wholesale market and commercial and industrial customers to delivering a range of services to mass market customers. The company stands out for its ownership and operation of a diverse mix of power stations, including hydro, geothermal, and thermal, supporting its capability to serve approximately 625,000 customers across the nation.

Products and Services

• Electricity to the Wholesale Market

Contact Energy sells electricity contributed by their hydro, geothermal, and thermal power stations to the wholesale electricity market. This involves supplying energy to other businesses or entities that then sell electricity to end users or use it for large-scale commercial and industrial purposes.

• Electricity to Commercial and Industrial Customers

The company provides tailored electricity supply solutions directly to businesses, ranging from small enterprises to large industrial operations. This direct provision allows for more specific service agreements and often, more competitive prices for these high-demand customers.

• Electricity and Natural Gas to Mass Market Customers

Contact Energy delivers electricity and natural gas to residential customers, offering a range of plans and tariffs designed to meet the diverse needs of the New Zealand public. This includes the provision of energy for household use, supporting the everyday needs of a significant portion of the population.

• Broadband and Other Products and Services

In addition to energy products, Contact Energy has expanded its offerings to include broadband services, enticing customers with package deals that bundle energy and internet services together. This approach not only provides convenience but also enhances its competitive edge in the market.

• Bottled Gas Products

The company also offers bottled gas, catering to customers who require gas for cooking, heating, or hot water, but may not have access to piped natural gas. This product is particularly important for remote or rural customers, providing them with a vital energy source.