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Origin Energy Limited ( (AU:ORG) ) has shared an update.
Origin Energy has announced it will extend the operation of all four units at its Eraring Power Station in New South Wales from August 2027 to 30 April 2029, in response to concerns from the Australian Energy Market Operator about system security during the energy transition. The company says the extension will help maintain reliable electricity supply for households and businesses while allowing more time for renewables, storage and transmission projects to come online, and it will avoid further major maintenance overhauls ahead of Eraring’s planned retirement. Origin maintains the move will not derail its 2030 emissions reduction targets or its net-zero 2050 ambition and will continue support programs for employees and local communities, including its Future Directions program and the $5 million Eraring Community Fund, underscoring a managed transition away from coal while preserving grid stability and stakeholder certainty.
The most recent analyst rating on (AU:ORG) stock is a Hold with a A$12.00 price target. To see the full list of analyst forecasts on Origin Energy Limited stock, see the AU:ORG Stock Forecast page.
More about Origin Energy Limited
Origin Energy Limited is a major Australian energy company involved in electricity generation, retail energy supply and the development of new energy technologies, with a significant presence in the National Electricity Market and a strategic focus on supporting the energy transition through investments in renewables, storage and related infrastructure.
YTD Price Performance: -4.79%
Average Trading Volume: 2,772,159
Technical Sentiment Signal: Buy
Current Market Cap: A$18.78B
For detailed information about ORG stock, go to TipRanks’ Stock Analysis page.