Australia's energy

energy crisis makes winners out of fossil fuel exporters

Australia's third-largest energy provider EnergyAustralia revealed

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

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

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

Tim Buckley, founder of research firm Climate Energy Finance,

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

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