Business
Covid and rooftop solar take another big bite out of Origin’s electricity business – RenewEconomy
Covid and rooftop solar take another big bite out of Origin Energy’s electricity business, as its main coal generator pushed close to minimum operational limit.
The lingering impacts of the Covid-19 pandemic and the record-setting uptake of rooftop solar PV have combined to take another big bite out of Origin Energy’s electricity business.
The company, one of the country’s big three energy “gen-tailers”, released its quarterly report on Friday which reveals a 7 per cent slump in electricity sales over the last fiscal year. In the June quarter alone, retail sales were down 9 per cent and business sales down 11 per cent. Covid-19 and rooftop solar are ci…
-
General18 hours agoOverheated share markets may risk financial meltdown
-
General16 hours agoAussie travellers devastated after US government shutdown forces tourist attractions to close
-
Business18 hours agoMacquarie tips 60%+ return for this ASX All Ords stock
-
Business21 hours agoWhy Morgans upgraded TPG, ANZ Bank, and this ASX share