Contact Energy gas price hike: Tens of thousands of customers will see average 17% jump
Tens of thousands of households will see their gas prices hiked by an average of 17% as Contact Energy says the decline in production has hit faster and harder than expected.
“We work hard to ensure our customers are on a competitive gas rate,” Contact’s chief retail officer Carolyn Luey said.
“We are balancing the need for energy security with a constrained gas supply as the country transitions to a renewable energy future.”
Contact has “committed more than $2 billion on building the critical energy infrastructure New Zealand needs”, Luey said.
“In the past financial year, our entire net profit – and some – was invested in developing renewable energy projects.
“The more power stations we build, the faster prices will come down over time. And this will help ensure New Zealand has a secure, sustainable renewable energy supply for households and businesses.”
A letter to one affected customer in Wellington said their prices would rise more than 20% on December 1, the Post reported.
One of Contact’s energy plans will see prices increased to 14.9 cents per kilowatt hour, excluding GST or prompt-payment discounts, the Post said.
It would see each gigajoule (GJ) of gas priced around $41.40, excluding GST, the Post said.
The latest spot price for gas today was $13.12, Transpower-owned EMS Tradepoint showed. The average price for the quarter was listed today as $15.98.
Statistics NZ last week revealed September price figures.
Gas was 17% more expensive than a year ago and 1.4% more expensive than the month before, the data showed.
The Post reported the country’s largest gas user, methanol producer Methanex, was believed to pay $6/GJ. Other businesses are paying $25 or more per GJ, a BusinessNZ survey from August found.
Contact Energy chief executive Mike Fuge told the Herald in August: “No one foresaw the collapse on the upstream gas market, and how rapid it was going to be.
“The answer is to get off base load gas [for continuous power generation], as we’ve done, and to build more renewables as we’re doing.
“And the answer is to actually keep going.”
Contact earlier reported a net profit of $331 million and earnings before interest, tax, depreciation, amortisation and financial instruments (ebitdaf) of $872m for the 2025 financial year.
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Charities turning away high numbers of volunteer applications
Charities are turning away people wanting to volunteer amidst a flood of interest they say is linked to the high rate of unemployment.
It comes as some businesses receive thousands of applications for paid roles and people look for experience anywhere they can.
The advocacy organisation Volunteering NZ has been tracking the trend. Spokesperson Margaret McLachlan said there has been a considerable rise in applications for volunteer roles across a range of charities.
Many application forms asks people to divulge if they are job hunters.
"Over the last year or so, they are seeing more people coming in who are saying they are in that category. They are looking for work but doing volunteering while that process is taking place."
"As unemployment increases and the cost of living, times are tougher for everybody."
At the same time, she said community organisations supporting social services were busier and needed more helpers.
McLachlan said depending on the organisation, they might want to do a police check, a reference check and an interview.
"In some cases it can be a process to go through and not always, and that can take some time.
"It's actually the same barriers that a person might find in finding a job, can also apply to volunteering. It's not always a easy option."
SPCA had 120 op shops and animal rescue centres across the country in which volunteers worked.
General manager of retail Cathy Crichton said they received about 1300 extra applications for volunteer roles, a 32 percent increase, from June to November 2025, compared to 2024.
"There's definitely a nudge forward which is very exciting and we're very grateful."
But it meant they were not accepting any more volunteers in some areas.
"Because the applications are up it's a unique scenario. But at this point in time, in smaller locations, we've actually got a hold in 19 locations in New Zealand where we are at capacity - and that's very rare and it's a very new trend."
Crichton said anyone seeking volunteer work should think creatively about what skills they can offer - it could be in administration or marketing.
"We'd love to welcome as many people as we could because the more hands on deck the more we can do and the more we can contribute to the community."
She said people were self-motivated to apply for volunteer work.
The unemployment rate rose to 5.3 percent in the September quarter, meaning 160,000 people were jobless. The next quarterly figures are out in February.
"There's a willingness to give back and contribute to the community. Unemployment being high really does encourage people to engage with the workforce and get experience," Crichton said.
"It really is about staying connected with the community and meeting others."
She said they had also seen an increase in young people seeking volunteer work experience.
"It's a great opportunity to get work experience and a reference and there's an appeal there as an employer...I really do think it adds value to a CV."
Stats NZ data showed over half of New Zealanders, 53 percent, volunteered during March 2025 and of those, 27.6 percent volunteered through an organisation and 40.8 percent volunteered directly for another person.
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