EnergyAustralia power sales, generation slide

By John Conroy

China-controlled EnergyAustralia recorded a 12. 6 per cent fall in electricity volume sales in the first half, blaming in part a warm start to winter and suggesting weak results loom from rival gentailers AGL and Origin next week, Fairfax reports.

According to the news service, EnergyAustralia generation also fell 11. 4 per cent – amid maintenance shutdowns and outages at its NSW Lithgow plant and Victoria's Yallourn respectively – while a 2. 5 per cent decline in customer numbers was due to "strong competition", the utility reported.

However, the company swung to profit with a $HK585 million ($A80. 1 million) result reversing a $HK45 million loss in the first half, helped by $A82 million in transitional help to offset the carbon tax, Fairfax reports.

Read more here: Business Spectator


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