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Energy Companies Embrace Solar to Protect Profits


Source: ABC News 16 June 2015

Six months ago, the big three power companies – AGL, Origin and EnergyAustralia – were spending considerable time and resources fighting to have both large and small scale Renewable Energy Targets (LRET and SRES) either cut or abolished.

In the past few weeks the rhetoric has been all about the lucrative growth opportunities for their small residential solar businesses.

Both the big listed Australian utilities - AGL and Origin - have told their recent investor briefings that their traditional businesses in the National Electricity Market (NEM) do not exactly have bright prospects.

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