FY2023 production range now expected to be 660 - 680 PJ.
Three JKM-linked spot cargoes were delivered in the quarter.
December quarter
Origin received
Energy Markets:
Total electricity sales volumes increased 4 per cent from the corresponding quarter in 2022, driven by higher business volumes as Origin won new customers.
Gas sales volumes remained relatively flat with higher business volumes on net new customer wins partly offset by lower gas demand for electricity generation.
Electricity and gas spot prices declined compared to the previous quarter, although they remain higher than the corresponding period a year earlier.
96 per cent of all retail electricity and gas customer accounts have been migrated to Kraken as at
Origin CEO
'
'In Energy Markets, customer sales volumes increased for both electricity and gas compared to the prior corresponding quarter, as Origin won new business customers.
'Average NEM spot wholesale electricity prices have moderated from their elevated peak in 2022, due to lower demand and improved output from coal and renewable generation, although prices are still higher than the same time last year.
'Almost all of our retail customers have been migrated to the market-leading Kraken platform, enabling superior customer experience at a lower cost to serve,'
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