Record high energy prices are proving to be no picnic for the country's biggest power providers. So who is 'making out like a bandit'?
abc.net.au/news/the-winners-and-losers-from-australias-energy-crisis/101352194This month, Australia's third-biggest power provider EnergyAustralia revealed it had plunged to a $1.6 billion loss for the first six months of this year.Australia's biggest power provider AGL yesterday reported a 58 per cent drop in benchmark full-year profit
The result came as something of a shock to the average punter grown used to the idea that sky-high wholesale power prices would be a boon for electricity giants. "Consumers are getting screwed whether it's through gas prices going through the roof or electricity prices doubling, tripling, that sort of stuff," Mr Buckley said.
This week gave the clearest picture yet about the winners and losers from the unprecedented chaos gripping Australia's energy markets.Crisis no boon for utilities
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