When I die, I want to come back as the gas cartel. It’s not just the infinite profits. It’s the comedy gold that makes it irresistible.
Origin Energy stands to increase gross earnings by about $650 million in 2025-26 if its huge Eraring coal power generator remains open, according to Morgan Stanley estimates, in findings that may play into the terms of a deal expected to be struck with the NSW government to extend its life.
The estimate, by Morgan Stanley energy analyst Rob Koh, came as NSW Treasurer Daniel Mookhey warned Origin against “gaming the system” in its negotiations with the state government on an extension of the 2880-megawatt generator past Origin’s targeted closure date of August 2025.