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Origin Energy cuts earnings guidance Apr 16, 2021 11:45:am Summary The reduction comes following an arbitration order to pay Beach Energy more for gas following a contract price review. by: Shardul Sharma Posted in: Origin Energy cuts earnings guidance Australia’s Origin Energy on April 16 cut its annual earnings guidance for energy markets following an arbitration order to pay Beach Energy more for gas following a contract price review. Origin lowered its energy markets underlying Ebitda guidance for 2021 to A$940mn-1.02bn ($728mn-$791mn) from A$1bn-A$1.14bn. The arbitration order is expected to result in an increase in Origin’s cost of supply of A$30mn-A$40mn for 2021, increasing further to A$60mn-A$80mn in 2022 consistent with an expected increase in volume. ....
Thursday, 11 March 2021, 1:46 pm | Flick Electric Co Flick says the fixes proposed are dealing only with the symptoms of a poorly functioning wholesale electricity market. The Electricity Authority (EA) today released its proposal for correcting the market after water was spilled needlessly from hydro dams in December . More Thursday, 3 October 2019, 3:13 pm | Flick Electric Co Flick Electric Co. cautiously welcomes the Electricity Price Review and, its focus on improving customer well-being and reducing energy poverty. More Friday, 27 October 2017, 10:04 am | Flick Electric Co Flick Electric Co. has partnered with shareholder Eastland Group to launch Electric Village, a New Zealand-first, community-focused energy hub in Gisborne ....