ORIGIN ENERGY LIMITED June quarter production was higher than previous quarter as more well workover and optimisation activity was carried out following the impacts of wet weather in prior periods and an unplanned non-operated outage.
Origin received cash distributions of
Energy Markets: FY2023 electricity sales volumes increased 1 per cent on the prior year. A 3 per cent increase in business volumes on net customer wins was partly offset by a 2 per cent decrease in retail volumes primarily driven by lower household usage.
FY2023 gas sales volumes decreased 5 per cent on the prior year, due to lower gas use for power generation and a reduction in business volumes.
Acquired a 5 per cent equity interest in Newcastle based clean-tech company Allegro Energy and agreed to pilot their long duration battery at
Acquired Warrane farm as a prospective greenfield wind development opportunity, located near Armidale in the
Origin CEO
'In Queensland, our teams worked hard to bring more wells online and optimise well performance, and this drove a recovery in gas production, following the impacts of wet weather in prior periods.
'Improved production has enabled
'
'In Energy Markets there was a small increase in electricity volumes this year due to higher business sales, and a small decrease in gas volumes, primarily due to less gas needed for power generation. It's pleasing to see Origin's generation fleet continuing to operate to high levels of reliability to support the needs of the market.
'We continue to make progress on our strategy to grow renewables and storage in our portfolio, having made a final investment decision on the first phase of the Eraring battery and agreed to a trial of long-duration storage at the site, and adding Warrane as another prospective renewable development in our portfolio,'
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