15 February 2021 Origin Energy’s returns have been every bit as bad as AGL’s over the past 12 months – and over the past three years. Over three years, the share price has halved. In AGL’s case, it’s taken a few years for the mirage that the Hazelwood closure caused to fade – and it’s fading – revealing the futility of going big in coal generation. In Origin’s case, it’s more of a slow death of falling gas prices and the inability to establish a steady growth business in almost any area. One minor but important exception is Community Energy Services, where gross profit is ...