It is understood Brookfield and EIG Partners have discussed lowering their offer below the $9 mark with Origin Energy and its advisers in the past week, to gauge the ASX-listed giant’s willingness to recommend a lower offer.Photo: Jack Atley
While the gas price cap has been set at $12 a gigajoule for 2023, the industry’s still waiting on the federal government to reveal new market rules and its mandatory code of conduct for gas suppliers. Origin Energy’s board is understood to be digging its heels in at $9 a share, and pointing to the recent upgrade and the share prices of rival groups to show that the changes shouldn’t have impacted the company’s value.
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