Origin Energy

Origin is an Australian energy company headquartered in Sydney.

History

Origin Energy was formed in February 2000, as a result of a demerger from the Australian conglomerate Boral Limited, in which the energy business was removed from the building and construction materials business to form the new company.

Between 2001 and 2002, Origin acquired the Victorian electricity network suppliers Powercor and CitiPower. In 2004, the SEA Gas Pipeline was completed and commissioned, which served to link the Victorian and South Australian gas markets. During this time, Origin obtained 50% interest in the Kupe Gas Field, and managed to obtain Edison Mission Energy's 51.4% interest in New Zealand's Contact Energy. Origin sold its 53% shareholding in Contact Energy to the market in 2015.

On 27 November 2006 the Queensland Government announced the sale of Sun Retail Pty Ltd, the former retailing arm of Energex to Origin for $1.202 billion. Sun Retail included some 840,000 residential, commercial and industrial electricity customer accounts and 55,000 LPG customers.