MARKETS

Energy Markets down as APLNG up for Origin

ORIGIN Energy said today its Energy Markets sector saw “moderately” lowered earnings for financial 2019 in electricity as price relief measures introduced by the government, the continued impact of heightened retail competition and lower average customer numbers and usage all took a toll.

Helen Clark

Origin CEO Frank Calabria

This is despite soaring overall profit thanks to its operator's share of Australia Pacific LNG. "Energy Markets faced headwinds with a highly competitive retail market and regulatory intervention...

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