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EnergyAustralia today announced a net profit before fair value movements of $61 million for the first half of 2025 (compared to $65 million for the first half of 2024).
The result was delivered in a market backdrop of intense retail competition and volatility in wholesale markets driven by renewable variability and other factors.
The interim results were announced in Hong Kong by CLP Holdings. EnergyAustralia delivered a 1H2025 EBITDAF of $361 million and operating earnings (before fair value movements) of $34 million.
Competition in the retail energy market remained intense amid ongoing cost of living pressures. EnergyAustralia remained focused on affordability and supporting customers through challenging conditions.
Managing Director Mark Collette noted, “Customers are facing real financial pressure, and we’re committed to delivering affordable energy services, along with support where it’s needed most.”
During the first half of 2025, EnergyAustralia successfully completed several significant generation outages. These works are critical to maintain generation reliability and performance through the energy transition.
This included a multi-year maintenance program on all four generation units at Yallourn Power Station in Victoria, completed in April 2025. The investment supports Yallourn’s operation until retirement in mid-2028.
In New South Wales (NSW), EnergyAustralia completed a turbine upgrade at Tallawarra A power station as part of major outage works. In May, major outage works on both units were completed at Mt Piper power station.
EnergyAustralia enhanced its capability to support the energy transition by establishing strategic collaborations. These include:
- A partnership with Banpu Energy Australia to co-deliver the Wooreen Energy Storage System in Victoria; and
- A joint venture with EDF power solutions Australia to continue progressing the potential development of the Lake Lyell Pumped Hydro Energy Storage project in NSW.
EnergyAustralia continues to focus on the development and delivery of flexible generation and storage, both with customers and at the grid scale.
“We are investing in distributed energy solutions, such as household battery products and community batteries. These solutions can significantly help households and communities control their energy use and access more affordable, low-emissions energy sources,” said Mr Collette.
“Our ongoing investment in storage and other flexible capacity projects including Lake Lyell pumped hydro, Mt Piper Battery Energy Storage System and other projects will help ensure the system remains stable as more renewable energy enters the grid.
“As well as generation and storage investments, we are investing in digital technologies to support better customer outcomes. Our focus on reducing costs through this and other activities is essential to keep our prices competitive and affordable.”
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