, now expects to record a significant positive EBITDA contribution from Octopus in the year to June 2023.
Origin holds a 20% stake in Octopus Energy, which last year contributed a loss of A$36 million to Origin's EBITDA. The company added that along with higher-than-expected coal deliveries under legacy contracts, it has also been able to secure additional coal supply at lower cost for its Eraring power plant, helping the earnings upgrade.for coal sold to power plants in the states of New South Wales and Queensland, forward wholesale electricity prices have reduced, which should help lower consumer tariffs from 2024.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: