2346 GMT - Origin Energy's decision to delay the closure of its Eraring coal-fired power plant by more than a year and a half is a bullish signal for its Energy Markets business, says UBS. Origin now expects Eraring to close in April 2029, later than its prior plan of August 2027. That commitment to Australia's energy market operator adds "upside risk" to consensus estimates for the Energy Markets division in FY 2028-2029, given they currently assume a sharper reduction in output from August 2027, according to UBS. "Origin remains our most preferred Australian utilities exposure," analyst Tom Allen says. Origin is up 0.6% at A$11.41 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 20, 2026 18:46 ET (23:46 GMT)
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