PolicyEnergy & ClimateElectricityPrint article$25m a year on red tape is driving up power prices: AGLSumeyya Ilanbey and Ryan CroppJun 18, 2025 – 6.38pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginThe 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.auRyan Cropp is an energy and climate reporter at The Australian Financial Review based in the Canberra bureau.SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreElectricityAGL EnergyChris BowenRegulationEnergy pricesLatest In Energy & climateFetching latest articlesMost Viewed In PolicyThe Australian Financial Review MagazineThe city that’s ‘on the cusp’ of being one of the world’s greatestMatthew DrummondThe Trump effect and everything else you need to know now about watchesFlorals? They became groundbreaking because of this Sydney womanBOSS Financial ReviewHow a young executive went from university dropout to dream job in ParisRachael BoltonHow an introvert’s brand raked in $8m in salesThis top exec knows how burnout feels. It led him to his dream jobLife & LeisureWant to live longer? Try this new brain enhancement programUte Junker7 hotel restaurants to boost your foodie credentialsFill your diary with August’s best arts and entertainment eventsRich ListThree decades of PMs, fashion icons and the odd person headed for jailBrook TurnerFortescue near settlement with US tycoon after energy deal bust-upAustralia’s 50 Richest Bosses revealed