AGL, Origin and EnergyAustralia all back decision to ignore Morrison’s ‘gas led recovery’ in next Integrated System Plan.
Origin Energy cuts profits after losing gas price arbitration, leaving the company paying more for gas and earning less for generation.
Alcoa strikes $160m deal to keep Portland Smelter open, with the aluminium producer set to play a bigger role as a virtual battery in the Victorian grid.
Australia’s ageing fleet of coal and gas generators are being replaced by big batteries.
Former Origin energy chief, and long-time antagonist of the renewables sector, Grant King, appointed as chair of ambitious renewables developer CWP Renewables.
AEMO considers ditching plan to model the Morrison government’s ‘gas led recovery’ in next ISP, after key energy market players question whether it was even plausible.
Australia’s largest wind project remains idle, and ongoing delays means Origin Energy has to pay a large penalty for not producing enough renewable energy certificates.
Origin Energy says things could get messy with coal plants heading towards early closures, as it reports first half profits slashed by 98 per cent.
AGL and Origin have failed to really embrace decarbonisation as opportunity. They have chosen to ignore the low cost of wind and solar for the supply of bulk energy.
AGL takes massive $2.7 billion hit from write-down of assets, as both it and Origin flag falling profits from lower power prices and higher gas costs.