AGL withdraws $3 billion bid for Vocus Group, citing uncertainty over the value of the deal, but will continue to seek opportunities to integrate data and energy services.
electricity retailers
Turnbull “eyeballs” energy bosses, kids himself on solution
Big energy retailers didn’t so much blink, as wink in face of Turnbull’s “eyeballing” episode. Here’s why they will be high fiving each other in the Qantas lounge at Canberra airport.
Networks say battery storage ring-fencing proposals “ludicrous”
Fight looms between retailers and networks over right to install solar and battery storage in homes, businesses. Spark Infrastructure says proposed rules “ludicrous”.
Australia’s big energy retailers are fattening their consumer margins
Electricity retailers make their biggest margins in South Australia, the state at the centre of controversy over energy prices. And retail margins in many states have jumped 50 per cent.
Momentum fined for misleading consumers on renewable electricity
Hydro Tasmania-owned electricity retailer pays $54,000 in ACCC fines for misleading consumers about the source – and colour – of its electricity.
GO Energy again halts trade pending ‘financing update’
Another hurdle for GO Energy, as trade suspended for second time in a month – and just days after an investor update.
Queensland businesses face new price gouge
Retailers have decided it’s their turn to extract more blood from the stone, pushing up business consumption charges by 20-40%.
