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.
Origin Energy Limited (Origin) has announced it will invest an additional £36 million (approximately A$65 million) in Octopus Energy Group Limited (Octopus) to maintain its 20 per cent equity interest following a partnership between Octopus and Tokyo Gas that will see the launch of Octopus into the Japanese market.
Electricity prices to fall 11 per cent to four-year low, Victorians to pay $180 a year less on average
Origin’s electricity prices in Victoria will fall by an average of 11 per cent from 1 January 2021 for residential customers on variable rate plans, saving an average Victorian household approximately $186 on their annual electricity bill. The reductions will see Victorian electricity prices fall to their lowest level since 2016.