Contact Energy - CEN Chart

[Jantar]

I noticed on 'the comparative' that energy line losses were listed at 11% for April 2015, verses only 3% for April 2016. That is a huge difference. Contacts renewable energy is largely generated at Roxburgh and Clyde. So does that mean that last year a lot more of Contacts self generated energy was sent to the North Island, thus incurring larger line losses for the company? Or is that explanation too simplistic?

SNOOPY

There is a product in the NZEM called Financial Transmission Rights (FTRs) that allows a company to hedge against transmission losses. My take on this is that Contact bought the right amount of FTRs to meet their needs.