Quarterly Operating Report | March 2017
Overview
Lower mass market volume per customer reflecting milder temperatures during
Winter, lower irrigation demand during summer and a changing customer mix
385,000 total utility accounts (up 1,000 for the quarter) including 90,000 customers
with more than one service (up 2,000 for the quarter)
Strong New Zealand generation volumes in Trustpower’s schemes as well as a full
year contribution from King Country Energy
New Zealand wholesale price has remained well below average throughout the year
Australian volume and price have remained strong throughout the year
2.
Quarterly Operating Report
Wholesale electricity market
Generation output
Weekly Average Prices - 12 Months to End of Mar 2017
$100
2,500
$90
2,000
$80
1,500
$70
$60
1,000
2013
2014
2015
2016
2017
$/MWh
$50
500
$40
$30
$20
3.
New Zealand Generation Weighted Average Price
Australian Generation Weighted Average Price
Quarterly Operating Report
Benmore
Benmore 10 yr avg
1-Mar
1-Feb
1-Jan
1-Dec
1-Nov
1-Oct
1-Sep
$55/MWh
$52/MWh
A$78/MWh
1-Aug
$0
New Zealand Load Weighted Average Price
1-Jul
$10
1-Jun
Australian generation
1-May
North Island Hydro
1-Apr
South Island Hydro
Haywards
Haywards 10 yr avg
Retail
Electricity Only vs Multi-Product Churn
30
20%
25
20
15%
15
2013
2014
2015
2016
MAR
FEB
JAN
DEC
NOV
OCT
SEP
AUG
JUL
JUN
MAY
10
APR
Daily Units (kWh)
Average Mass Market Units Per Day
2017
10%
5%
Customer Growth
100,000
50,000
Mar-2016
Electricity Only
4.
Dual Fuel
Mar-2017
Electricity Telco
Quarterly Operating Report
Electricity+Gas & Telco
Other
Electricity Only
Triple Play
Linear (Electricity Only)
Linear (Triple Play)
Dual Fuel
Electricity and Telco
Linear (Dual Fuel)
Linear (Electricity and Telco)
Mar-17
Sep-16
Mar-16
150,000
Sep-15
Sep-14
200,000
Mar-15
0%
250,000
Operating stats
Customers, Sales and Service
12 Months March 2017
12 Months March 2016
Electricity connections (000s)
276
277
Telecommunication connections (000s)
76
62
Gas connections (000s)
33
31
Total utility accounts
385
370
Customers with two or more services (000s)
Mass market sales - fixed price (GWh)
90
77
1,895
1,820
Time of use sales - fixed price (GWh)
835
823
Time of use sales - spot price (GWh)
1,244
1,389
Total customer sales (GWh)
3,974
4,032
Average spot price of electricity purchased ($/MWh)
55
64
1,013
1,046
Annualised customer churn rate
17%
16%
Annualised customer churn rate - total market
20%
21%
North Island generation production (GWh)
1,010
678
South Island generation production (GWh)
1,007
949
Total New Zealand generation production (GWh)
2,017
1,627
Gas Sales (TJ)
Generation Production and Procurement
Average spot price of electricity generated ($/MWh)
52
60
Net third party fixed price volume purchased (GWh)
1,309
1,626
Australian generation production (GWh)
359
254
Average spot price of electricity generated ($/MWh)
78
43
Other Information
Resource consent non-compliance events
15
7
Staff numbers (full time equivalents)
786
727
5.
Quarterly Operating Report
Contact
Kevin Palmer – Chief Financial Officer
& Company Secretary
021 471 779
[email protected]