NewsBite

$25m a year on red tape is driving up power prices: AGL

The boss of the country’s largest power and gas retailer says it spends up to $25 million a year dealing with compliance and regulation costs that inevitably are passed on in part to consumers.

The comments from AGL Energy chief executive Damien Nicks signal emerging tensions between electricity suppliers and federal Climate Change and Energy Minister Chris Bowen, who has committed to changing the household electricity pricing rules to give consumers a better deal.

Loading...
Sumeyya Ilanbey is the Victorian political correspondent for The Australian Financial Review. Connect with Sumeyya on Twitter. Email Sumeyya at sumeyya.ilanbey@afr.com.au
Ryan Cropp is an energy and climate reporter at The Australian Financial Review based in the Canberra bureau.

Read More

Latest In Energy & climate

Fetching latest articles

Most Viewed In Policy

    Original URL: https://www.afr.com/policy/energy-and-climate/25m-a-year-on-red-tape-is-driving-up-power-prices-agl-20250618-p5m8db