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Eraring’s financial performance has also been hurt by a spike in coal prices, which came despite long-term decline in the industry. Origin also cut the value of power purchase agreements by $995m due to lower electricity prices – which have hurt its profit margins on renewable energy – and lower domestic gas prices. Coal assets are under siege in the Australian market, despite expressions of support from seniorfigures in the Morrison government. In December the Japanese company Sumitomo wrote the value of Australia’s newest coal-fired power plant, Bluewaters, down to zero and in June the Queensland government warned that its state-owned plants would be unable to pay dividends within two years due to competition from cheap renewable power.

Mount arthurNew south walesFrank calabriaIan mylesAustralian securities exchangeOrigin energyNew southHunter valleyAustralia pacificBowen basinஏற்ற ஆர்தர்புதியது தெற்கு வேல்ஸ்வெளிப்படையான கலாப்ரியாஈயந் மைல்ஸ்ஆஸ்திரேலிய பத்திரங்கள் பரிமாற்றம்ஆரிஜிந் ஆற்றல்