Ann: New Product Line, page-13

This headline caught the eye the other day, and I was wondering what the impact on LPE would be:

"Origin Energy to slash electricity costs in QLD and SA, freeze costs in NSW and ACT".

The reality when you look into the detail was quite different:

"Origin Energy has announced it will cut the power bills of customers in south-east Queensland and South Australia from July 1 — despite introducing double-digit price hikes last year. It also said there would be no change in pricing for NSW and the ACT, with the company to absorb an expected 3 per cent price hike.
The largest cuts will be given to Origin's small business customers in SA and south-east Queensland next month, down by 1.4 and 4 per cent respectively. Residential customers in those two states will see their electricity prices fall by a slight 1 per cent each".

Nice announcement today ... should help things along a little towards being cash flow positive.

Just had a look at the sell queue .... crikey!