Australia's energy

Australia's third-largest energy provider EnergyAustralia revealed

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it had sunk into a $1.6 billion loss in the first six months of this year.

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The result came as something of a shock to the average bettor accustomed

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to the idea of huge wholesale electricity prices benefiting the power giants.

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Tim Buckley, founder of research firm Climate Energy Finance,

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said the results could be boiled down to a fairly simple explanation

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There are domestic energy companies that are just being hit by the same unpredictable forces.

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