Latest news with #OriginEnergy
AU Financial Review
4 days ago
- Business
- AU Financial Review
Alinta Energy says it is ‘open to exploring options' with rivals
Alinta Energy says it would consider exploring a tie-up with major electricity generation and retailing rivals, all but confirming it had discussed merging with EnergyAustralia into a $10 billion juggernaut. Any deal between the two companies would allow for a partial exit of their separate Hong Kong-based owners while creating a stronger third supplier to take on industry heavyweights Origin Energy and AGL Energy.
Reuters
24-06-2025
- Business
- Reuters
SRG Global wins contracts worth $551.7 million across Australia and New Zealand
June 25 (Reuters) - SRG Global ( opens new tab has secured contracts worth A$850 million ($551.65 million) across diverse sectors in Australia and New Zealand, the construction and engineering firm said on Wednesday. The agreements include deals with Origin Energy ( opens new tab, South32 ( opens new tab, BHP Iron Ore and Genesis Minerals ( opens new tab. The company signed a five-year contract to provide asset integrity and reliability services for Origin Energy at its Darling Downs, Eraring and Shoalhaven power assets across Queensland and New South Wales. Under its five-year contract with South32, the world's biggest manganese producer, SRG will deliver specialist shutdown maintenance services for the miner's Worsley operations in the southwest region of Western Australia. The company has also entered asset integrity and reliability services contracts with BHP Iron Ore in the Pilbara region of Western Australia, BHP Copper's assets in South Australia, Alcoa's (AA.N), opens new tab refineries in the southwest of Western Australia and Anglo American's (AAL.L), opens new tab assets across Australia. SRG finalized a deal with Genesis Minerals to provide specialist production drilling and grade control services at the company's Jupiter gold operations. The Australia-based diversified infrastructure services company has secured several other contracts with existing clients in sectors such as water, health, education, defence and data centres. In November 2024, SRG won contracts worth A$700 million across Australia and New Zealand. ($1 = 1.5408 Australian dollars)
AU Financial Review
22-06-2025
- Business
- AU Financial Review
This knockout $10b dream deal could shake up electricity, gas supply
The country's electricity market could be set for its biggest ownership shake-up in decades with bankers and private capital investors thinking about combining the third and fourth-largest players to create a $10 billion-plus company better able to fund the transition away from coal-fired power generation and compete with Origin Energy and AGL Energy. EnergyAustralia and Alinta Energy's owners, both Hong Kong-listed companies, have separately had different bankers running numbers on exit and co-investment options in the past three years, including a sale to private equity and/or a new investor to fund their renewable development pipelines.
Yahoo
16-06-2025
- Business
- Yahoo
$300 electricity bill hike looming for millions as price increases confirmed: ‘Inevitable'
Millions of Australian households will face higher electricity prices in the coming weeks. Major retailers AGL and Origin have confirmed their price changes for customers, and some households will see their bills increase by as much as $300 next year. AGL's prices will increase by 13.5 per cent in New South Wales, 7.8 per cent in South Australia, 7.5 per cent in Queensland and 6.8 per cent in Victoria from July 1. NSW customers will see their bills go up by as much as an extra $300 a year, based on medium usage. The average increase across all NSW customers will be $267, according to the retailer. Meanwhile, South Australia customers will see an average $200 increase, Queensland $155 and Victoria $110. RELATED Aussie mum's $1,200 electricity bill shock sparks warning for millions ATO superannuation warning as deadline for $30,000 deduction approaches Rare $2 coins worth up to $350 amid huge spike in demand Origin will raise its prices by an average of 9.1 per cent in NSW, 5.5 per cent in South Australia, and 3 to 4 per cent in Queensland. Electricity charges for Victoria have not been locked in yet, but gas will cost the average Victorian household an additional $85 a year. Aussie households will receive letters and emails from their energy retailers over the coming weeks ahead of price changes coming into effect from July 1. It follows the decision by the energy regulators to increase the majority of default prices for the year, which will see standard energy plans rise by up to $228. These are contracts offered to customers who can't or don't shop around. While only 10 per cent of customers are on default offers, retailers use the default pricing as a benchmark for their market contracts. The latest price hikes have been blamed on increased network charges, higher costs to serve customers and higher wholesale electricity expenses. The federal government has extended its energy bill relief until the end of the year, with the first $75 quarterly instalment to hit accounts from July 1. The price hikes follow two years of price increases across most networks, with the average annual electricity bill increasing by as much as $360 since June 1, 2023. Canstar data insights director Sally Tindall has urged households to shop around. 'The cold hard truth is that electricity price hikes are pretty much inevitable in states such as NSW, Queensland and South Australia this winter after the regulator approved hikes to the reference prices across all networks in these states,' she said. 'The exact costs for your daily supply charge and electricity rates are up to each provider, however, unless you're on an embedded network or in a state where there are limited options, this is one bill you can, and should, take control of.' Tindall said the reference price could be a good starting point, with providers required to tell you where the cost of your plan sits in relation to it. The greater the difference a plan is below the reference price, the more competitive it is. 'In Sydney, single rate plans are, on average, 7 per cent lower than the reference price, however, there are plans available that are up to 23 per cent lower than the regulator's benchmark,' she said. 'In Brisbane, the gap is even wider, with the average discount listed at 6 per cent, while the highest is 27 per cent.' Australians can use the Australian Energy Regulator's Energy Made Easy comparison website to compare prices. Victorians can use Victorian Energy Compare.
9 News
14-06-2025
- Business
- 9 News
'Suckerpunch' electricity price increase locked in for eastern states
Your web browser is no longer supported. To improve your experience update it here BREAKING Australian killed, another injured in Bali villa shooting incident Prices will increase by more than 13 per cent in parts of the country, but one state may be shielded from the worst of it. "This will be a suckerpunch for a lot of customers," Canstar spokesperson Sally Tindall said. The cost of electricity is about to jump higher than predicted across Australia's east coast. (Nine) AGL and Origin Energy locked in new prices for millions of customers today. Starting on July 1, AGL's prices will jump 13.5 per cent in New South Wales. They will also rise 8 per cent in South Australia, 7.5 per cent in Queensland and 6.8 per cent in Victoria - adding $110 to an average Victorian household's bill. Today, the federal opposition slammed the government's action on energy prices. "They imposed price caps that haven't worked, they've completely failed, and we continue to see price hikes," Shadow Treasurer Angus Taylor said. Origin Energy hasn't locked in its electricity charges for Victoria just yet. Gas will cost the average Victorian household an additional $85 per year, which is the largest increase for any state in the country. "There are plenty of options and payment plans available," Origin's Chief Marketing Officer Catherine Anderson said. "We would really encourage our customers to reach out to us, we're here to help." The cost of electricity is about to jump higher than predicted across Australia's east coast. (Nine) For those struggling to pay, some help is on the way. Every household will automatically get a $150 electricity discount thanks to the federal government, and another $100 is being offered to concession card holders in Victoria. For everyone else, the advice is to shop around. "Don't get mad - get even," Tindall said. "By shopping around you, could potentially save hundreds of dollars off your electricity bill." Other retailers will lock in their prices in the coming days. national Victoria power Electricity CONTACT US
