Origin's Energy Markets Business Boosted by Eraring Closure Delay -- Market Talk
Dow Jones
Yesterday
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)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.