15 Oct 2018
Trustpower advises it now expects its FY-19 EBITDAF to be in the range of $215 million to $235 million. This is an increase on its earlier guidance of $205 million to $225 million.
The increased forecast is being driven by the favourable trading conditions in the year to date, and a revision of the expected trading conditions for the remainder of the year. Noting that the current trading conditions are experiencing highly volatile and elevated prices due to a gas field outage and low hydrology. Trustpower is expecting a reversion to more average trading conditions towards the end of the 2018 calendar year.
The forecast is underpinned by the following assumptions:
• Long run average generation volumes for the remainder of the year
• NZ wholesale prices are in line with current forward pricing for the remainder of the year
• Average temperatures and average electricity consumption for the remainder of the year
• Total customers increase to between 255,000 and 260,000 including circa 95,000 telco customers
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