Contents
Our insights
Electricity and Gas Markets
Average NEM spot electricity price for Sep-23 quarter was $72/MWh:
- $46/MWh lower than Jun-23 quarter, reflecting lower demand due to milder seasonal temperatures, higher solar generation and increased baseload availability.
- $147/MWh lower than Sep-22 quarter which experienced periods of high prices due to baseload outages and high international coal and gas prices.
Average domestic spot gas price for Sep-23 quarter was $10/GJ:
- $4/GJ lower than Jun-23 quarter due to lower seasonal residential demand
- $16/GJ lower than Sep-22 quarter when prices were volatile post the unprecedented market conditions in Jun-22 quarter.
Fuel your knowledge
Flexible EV subscription for businesses
The Origin 360 EV team has launched the EV Flex Plan, an all-inclusive and cost-effective electric vehicle business subscription plan. The EV Flex Plan provides flexible terms, allowing businesses to choose between a monthly subscription or fixed-term options with lower repayments, making it easier to budget and control vehicle costs.
The all-inclusive plan includes:
• Registration
• Comprehensive insurance
• Routine servicing and maintenance
• Mobile EV charger cable
• Up to 25,000km mileage per annum
• Tyre replacement for wear and tear
• 24/7 roadside assistance
• Accident management
• Toll management
Customer stories
Inghams
We’re working with Inghams to trial a Tesla Model 3 in their fleet and develop site-specific renewable energy solutions to help them meet their 2030 targets.
In the early stages of this collaboration, the Origin Zero team has already provided Inghams with the keys to their first electric vehicle, with hopes it will be the first of many to be added to its fleet.
The car has been assigned to a member of Inghams’ sales team who travels more than 50,000 kilometres a year to visit customers throughout New South Wales, representing a start toward reducing their business carbon emissions.
Baptist Care
Baptist Care is a leading not-for-profit aged care and community service provider, committed to improving the lives of people and communities in need. With a focus on energy efficiency, they are eager to reduce their energy costs while simultaneously making progress towards their net zero goals.
Real-time energy insights for smarter energy management
This has all been achieved through a tailored solution developed for Baptist Care that included the installation of six energy meters. This equipment is connected to various circuits across the Yarra Rossa site, measuring 12 three-phase circuits, including assets such as their pool, kitchen and solar.
By working with Origin Zero and investing in energy management solutions, Baptist Care is helping empower their residents with greater insights about their energy use and making progress towards the organisations’ 2050 net zero goals.
Origin news
Connecting with customers and industry partners
Throughout the last quarter, the Origin Zero team participated in key industry events, including Sydney’s Industrial Net Zero Conference and Melbourne’s All Energy where we met with customers and industry partners and presented insights on the importance of energy providers and businesses collaborating to reduce energy consumption and meet environmental targets and responsibilities.
The event provided an opportunity for valuable conversations with customers and industry professionals about the latest innovations in renewable technologies, including lower-carbon products that Origin can provide, and the potential for partnership and collaboration.
Consortium significantly increases cash consideration
Consortium significantly increases cash consideration to best and final proposal of $9.53 per share. Revised offer above Independent Expert’s valuation.
Origin Energy Limited (Origin) advises that the Brookfield-led consortium of investors and EIG has increased the cash consideration offered to all Origin shareholders under the Scheme of Arrangement (the Scheme) by a total of 69 cents per share1, or approximately $1,200 million.
Origin receives $45 million to progress Hunter Valley Hydrogen Hub
Origin has been awarded $45 million in funding from the NSW Government’s hydrogen hubs initiative to progress the proposed Hunter Valley Hydrogen Hub on Kooragang Island.
Full year Results 2023
Origin Energy Limited (Origin) announced its results for the Full-year ended 30 June 2023.
Energy market reports
Aemo Engineering Roadmap – FY2024 Priority Actions Report
The Engineering Roadmap – FY2024 Priority Actions report published in July 2023:
• Outlines the activities AEMO plans to undertake in the 2023–24 financial year (FY2024) to help prepare the National Electricity Market (NEM) for operation at times of 100 percent instantaneous renewables.
• Summarises the extensive progress made in FY2023 by AEMO and across industry to increase preparedness for 100% instantaneous renewables.
Renewable Projects Quarterly Report Q1 2023
The Renewable Projects Quarterly Report details recent investment in renewable generation and storage projects in Australia and shows trends since 2017.
