This month, Australia's third-biggest power provider EnergyAustralia revealed it had plunged to a $1.6 billion loss for the first six months of this year. Key points: Australia's biggest power provider AGL on Friday reported a 58 per cent drop in benchmark full-year profit The fall follows similar slumps for the electricity and gas retailer businesses of Origin Energy and EnergyAustralia …
Households already battling rocketing living costs are facing more pain via their power bills, with the body that runs the electricity market saying prices in that sector have also surged in the past year. Key points: AEMO says wholesale electricity prices in the NEM rose 141 per cent in the first quarter compared with last year Coal plant outages, higher …