Business
Why the Contact Energy (ASX:CEN) share price has surged 10% higher today
The Contact Energy Limited (ASX: CEN) share price has burst from the blocks in early trade after its latest monthly operating report. Today’s early gains follow a 7.3% share price gain yesterday as investors pile into the Kiwi energy share.
Why is the Contact Energy share price up 10% today?
Shares in the New Zealand electricity generator and retailer jumped 9.7% higher at market open following the update. Contact released its December 2020 monthly report with key updates from across the business.
In the Customer business, Contact recorded mass market electricity and gas sales of 286 gigawatt hours (GWh), down from 303 GWh in December 2019. The Customer average electricity sales price climbed 2.8% to $256.13/MWh.
Mass market…
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