SolarEdge shows us the StorEdge™ solution from All Energy Australia at MCEC
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EnergyAustralia has cashed in on the surge in wholesale electricity prices, running its power plants harder to result in a trebling of first-half profits.
Net profit surged to $375 million in the June half, up from $129 million a year earlier, despite a loss of 60,000 customers during the period as they deserted the retailer, which also owns the large Yallourn coal generator in Victoria.
a 33.3 per cent jump in group-wide operating earnings for Hong Kong-listed parent company CLP Group.
and the uncertainty of energy policy. Energy Australia , and the uncertainty of energy policy.
Perhaps anticipating a public backlash to the huge gain in earnings Energy Australia , the company also underscored its profit came after paying tax at an effective rate of 31.2 per cent.
a critical meeting of state and federal government energy ministers on Friday to consider the National Energy Guarantee
. EA has been a strong advocate for the new policy to provide certainty for long-term investment in new supply capacity that suits the changing energy market.
"We're optimistic households are through the worst of it and, finally, that all parts of the energy sector understand the challenge, and are working toward putting families back in control of their energy costs," Ms Tanna said.
"There's more to do, but the ingredients are there for an affordable, stable and reliable energy system."
a 48 per cent jump in operating earnings for EnergyAustralia last year
fuel speculation that CLP will once again consider an IPO
But CLP warned the outlook for the Australian business looks tougher, both with softening wholesale power prices and stiff competition on the retail side.
"Intense retail competition shows no sign of abating, placing further pressure on margins as EnergyAustralia focuses on retaining and acquiring customers," CLP said.
ROC Partners, First State back LBNCo's broadband push
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