Article 6PZYX Origin Energy posts near one-third jump in profit after steep rise in Australians’ electricity bills

Origin Energy posts near one-third jump in profit after steep rise in Australians’ electricity bills

by
Jonathan Barrett Senior business reporter
from World news | The Guardian on (#6PZYX)

Consumer advocate says result from country's biggest energy retailer, as well as AGL's 189% profit rise, don't pass the pub test'

Consumer advocates have accused Australia's biggest energy retailers of profiteering at the expense of households and undermining a government budget measure designed to lower bills for customers.

The criticism follows the release of strong earnings from the sector, headlined by a near one-third rise in profits, and expanded margins, by the country's biggest retailer, Origin Energy.

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