Regulatory scrutiny and efforts to tame soaring gas prices are looming as the most likely potential roadblocks to a proposed takeover of Origin Energy.
One of the bidders for power giant Origin Energy has revealed ambitious plans to turn it into the biggest clean energy supplier by the end of the decade.
Power and gas giant Origin Energy has received a $9-per-share cash offer from a consortium led by Canadian asset management firm Brookfield.
Booming gas prices have delivered another huge revenue boost for Origin Energy as the federal government faces intensifying pressure to intervene in the market.
Energy Minister Chris Bowen intends to take a much greater role in setting prices on the gas and electricity markets.
Australian power retailer and energy producer Origin Energy has flagged a major increase to earnings on the back of booming natural gas prices
Jim Chalmers says regulations aren’t working and tougher measures may be needed to tackle soaring power prices.
Resources Minister Madeleine King has claimed the deal as a win but gas buyers say it “ignored the elephant in the room,which is price”.
Origin’s plans to frack for gas in the NT’s Beetaloo Basin had come under intense scrutiny from environmentalists and Indigenous groups,which has influenced shareholders.
One of Australia’s largest power and gas suppliers says it is unable to provide any profit targets for the year ahead because of the unpredictable state of the Australian and international energy markets.
Power companies are opposing a key energy policy designed to help Labor deliver its climate ambitions,but experts say state ministers can ease the stand-off.