10 Apr 2019
Trustpower is pleased to release its operating report for the quarter ended 31 March 2019.
Trustpower updates its EBITDAF guidance for the FY-19 financial year to be in the range of $220 million - $226 million.
Trustpower also wishes to advise that it expects its FY-20 EBITDAF to be in the range of $205 million - $225 million.
The FY-20 forecast is underpinned by the following assumptions:
• Generation volumes for FY-20 of ~1,870 GWh (incl KCE). This is below the expected long-run average of 1,917 GWh, reflecting current below average lake storage levels.
• NZ Wholesale prices are in line with current forward pricing for the year
• Average temperatures and average electricity consumption for the year
• Total average mass market customers between 230,000 and 240,000 including circa 103,000 telco customers
Kevin Palmer Chief Financial Officer & Company Secretary
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