AGL, Origin and EnergyAustralia all back decision to ignore Morrison’s ‘gas led recovery’ in next Integrated System Plan.
Major energy players back AEMO’s plan to abandon gas-led recovery scenario
Origin
Origin Energy stung by gas price ruling, slashes earning forecast
Origin Energy cuts profits after losing gas price arbitration, leaving the company paying more for gas and earning less for generation.
Portland Smelter secures $160m energy deal to stay open and act like giant battery
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 big fossil fuel generators are being replaced by big batteries
Australia’s ageing fleet of coal and gas generators are being replaced by big batteries.
Former Origin and BCA head Grant King to chair ambitious renewables developer CWP
Former Origin energy chief, and long-time antagonist of the renewables sector, Grant King, appointed as chair of ambitious renewables developer CWP Renewables.
AEMO reconsiders plan to model ‘gas led recovery’, after idea panned by energy market
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 biggest wind farm faces yet more delays, Origin to pay penalty
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 profits collapse as it prepares for ‘messy’ coal exit and big battery plans
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.
Neither AGL nor Origin have convinced investors they have a future
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 in massive $2.7 billion writedown, Origin also hit by lower power prices
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.
