Excess Electricity Supply, High Operating Costs Create Huge Revenue Drop in Australian Power Industry

PERTH, AUSTRALIA--December 2, 2014--Researched by Industrial Info Resources Australia (Perth, Australia)--Australia is seeing a historic glut in electricity generation, which is causing serious contractions in the Power Industry, with revenues forecasted to fall 30% this year. Recent trends and industry forecasts show that the capacity overhang will remain for the next five years, contributing to a further decline in revenue. Within this article: Overview of impact of electricity oversupply in Australia, including details on projects from AGL Energy Limited, Nyngan and Banco Santander S.A.