EnergyAustralia takes $1.1 billion hit on retail unit as business model shifts

EnergyAustralia, the third-largest energy retailer in the country, has faced a $1.1 billion write-down on its retail business, citing dwindling margins and intensified competition. Explore the ramifications of this write-down and how the company is pivoting its strategies in a shifting energy market towards consumer-centric technologies and renewable energies.