Octopus Energy wants to give the global electricity market its Uber moment as renewable energy erodes the traditional relationships between power companies,their customers and the grid.
The Minns government will offer funding for small and medium-sized businesses to pilot new clean energy technology.
The energy giant is running its only power station in Victoria at full capacity to help stabilise the grid following Tuesday’s huge storm.
Households may get some relief from high electricity prices by the middle of the year as forward spot prices in the wholesale electricity market fall.
While some companies have tied office attendance to pay in a bid to get employees back in the office,it could come with unintended consequences.
The power giant also wrongfully disconnected 98 gas customers without following proper processes,including people in financial hardship.
Advisers from law firms to investment banks are the biggest winners after Origin shareholders rejected a multi-billion-dollar takeover offer from Brookfield and EIG Partners.
Origin Energy’s board has dismissed a revised takeover proposal by suitors Brookfield and EIG as incomplete,complex and highly conditional.
The Australian sharemarket closed lower on Thursday as a slump in the oil price weighed on energy stocks.
Energy giant Origin has delayed the shareholder vote on North American suitors Brookfield and EIG’s $20 billion takeover bid after getting a revised late-night offer.
Origin Energy chair Scott Perkins says the company will forge ahead with its plans to become a greener electricity provider if a $20b takeover bid fails.