EnergyAustralia earnings falls in first half

POWER retailer EnergyAustralia has taken a hit the first half of this year, with EBITDA down 20% to A$252 million in the wake of lower energy prices and the COVID-19 pandemic.

 EnergyAustralia earnings falls in first half  EnergyAustralia earnings falls in first half  EnergyAustralia earnings falls in first half  EnergyAustralia earnings falls in first half  EnergyAustralia earnings falls in first half

COVID-19 and lower demand to blame

 

Price re-regulation, intense competition for retail customers and lower wholesale power prices had the largest bearing on financial performance, the company said, while the company's corporate