19 Nov 2009

Electricity prices fall in October, says Contact

5:19 am on 19 November 2009

Electricity generator and retailer Contact Energy says generation and prices fell in October.

The listed firm says production fell 13% to 730 megawatts in the month compared with the same month a year earlier.

Prices slipped from $44.83 a megawatt hour to $32.50 a megawatt hour.

The number of customers is down 8% to 478,500, but Contact says it has picked up extra customers in recent months.