Power generation and retailer Genesis Energy says it has had a better than expected start to the current financial year due to favourable trading conditions.
The Market Security Options is a form of insurance aimed at smoothing out price shocks and volatility, and helping to manage the transition between thermal and renewable power.
Genesis Energy has improved its full-year profit, supported by the revaluation of derivative contracts, and the company avoided a repeat of one-off costs that dented the previous year's result.