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Agl Energy Limited.

AGL is a leading integrated energy business that has been operating for more than 180 years and has a proud heritage of innovation.

We operate Australia’s largest private electricity generation portfolio, with a total capacity of 10,413 MW, which accounts for approximately 20% of the total generation capacity within Australia’s National Electricity Market.

We are an active participant in gas and electricity wholesale markets with 3.7 million customer accounts, including residential, small and large business and wholesale customers.

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Video – AGL Regulatory Risks Overstated

Proudly Australian, with more than 180 years’ experience, AGL (ASX:AGL) operate the country’s largest electricity generation portfolio, and are the largest ASX-listed investor in renewable energy, and have more than 3.6 million customer accounts.

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News

AGL Cool On Outlook Despite Bumper Profit

While energy producer and retailer AGL Energy says it is on track to deliver a full-year underlying profit of close to $1 billion after revealing a surge in first half earnings and a 32% boost to interim dividend, investors were spooked by the company’s less than enthusiastic outlook for the rest of the financial year.

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AGL Resists Political Pressure

Bullying the management of AGL Energy by Prime Minister Turnbull and his government has blown up in his face with yesterday’s annual meeting in Sydney being told AGL has no intention of changing course and keeping the ageing and inefficient Liddell coal fired power station in the Hunter Valley region of NSW open beyond its scheduled closure in 2022.

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Australia May Need To Import Natural Gas

Three years ago, AGL Energy warned of the dramatic imbalance between Australia’s LNG export commitments and inadequate domestic supply. Today, AGL is assessing the merits of building a gas import facility. That’s right. Australia, with some of the world’s largest natural gas reserves, may soon need to import gas for domestic consumption. How has it come to this?

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What Does Hazelwood Closure Mean For AGL?

French owner ENGIE will close Victoria’s Hazelwood power station and associated brown coal mine in March 2017. This is consistent with the company’s strategy to exit coal activities. Hazelwood recently supplied around 20% of Victoria’s electricity generation. As a result, the upcoming closure is expected to substantially tighten the supply/demand balance in the wholesale electricity market in Victoria from 2017, and make prices more volatile and higher on average.

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AGL Gas Margins Squeezed

AGL shares dipped 3% to $19.69 yesterday after the company revealed higher costs from wholesale gas purchases in recent months. But the company said the extra cost would be taken in the 2016-17 financial year and would not impact its guidance for the 2015-16 financial year.

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Will Buyers Emerge For AGL’s Non Core Assets?

AGL Energy (AGL) is cleaning out its portfolio, sorting out assets it does not want and consigning them for sale. The company will write down over $600m in assets, including the Moranbah, Gloucester and Cooper projects. It will sell the undeveloped Hunter and North Camden CSG assets into the NSW government’s buy-back scheme. The interests in the Cooper oil project, Spring Gully and Moranbah are for sale.

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