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Morgan Stanley warns NextDC’s energy bills may double

Tom Richardson
Tom RichardsonJournalist

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Soaring electricity costs in NSW and Queensland threaten to trim the profits of energy-hungry Australian data centre operators, according to a Morgan Stanley report.

NextDC chief executive Craig Scroggie James Brickwood

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/morgan-stanley-warns-nextdc-s-energy-bills-may-double-20220905-p5bfdk