18 February 2014
Contact Energy Limited - Half year results
"Contact’s earnings have become more predictable with the reduction in gas take-or-pay commitments, the upgrade of the inter-island transmission link and investment in thermal plant flexibility.
Higher than normal inflows to hydro schemes avoided the need to run expensive thermal generation and reduced energy procurement costs. With more customers on discounted prices Contact maintained sales volumes and customer numbers in what remains a highly competitive retail market” Chief Executive Dennis Barnes said.
Origin progresses plans for nation’s largest battery at Eraring Power Station
Origin Energy Limited (Origin) is progressing plans for a battery at Eraring Power Station in NSW, with an overall capacity of up to 700 MW and a dispatch duration of 4 hours, making it the largest battery project currently under consideration in Australia.