8th Aug 2022 – EnergyAustralia reported an earnings fall for the first half of calendar 2022

A belated and back-dated article to point to the EnergyAustralia Media Release of 8th August 2022 titled ‘EnergyAustralia 1H earnings fall amid exceptional market conditions and lower generation output; focusing on investments in generator reliability and energy transition projects’ here:


In the article it’s written:

‘Against the backdrop of the global energy crisis, unexpectedly lower generation output coupled with high spot price purchases to cover retail customers, had a significant bearing on the company’s financial performance.’

… and then …

‘“Our generation output at Mount Piper and Yallourn Power Stations was unexpectedly lower, due to planned and unforeseen maintenance outages.

“We also faced fuel constraints at Mount Piper, which arose from lower-than-expected coal deliveries from our primary supplier. This led to a shortfall in contracted generation and the requirement to settle positions not covered by our generation at high spot market prices.’

This related to what occurred more broadly in the 2022 Energy Crisis.

About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

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