Energy company fined over welfare rort
A major Aussie power company has been slapped with a $25m fine over charges to disconnected welfare recipients.
Agl Energy
‘Green transition will be a huge challenge’: AGL CEO
Damien Nicks of the nation’s biggest power generator says its critical to provide secure, affordable energy while funding the renewables rollout.
Coal firms clash over financial rescue fix
Opposition from AGL has scuppered Delta Electricity’s hopes to guarantee financing into 2025, leaving the future of its Vales Point coal power station up in the air.
Even with a price tag, our renewables future is already broken
Broken Hill plight exposes the gap between the promise of renewable energy and what it actually delivers.
Portland aluminium smelter locks in power until mid-2035
Alcoa of Australia has locked in power supplies for its Portland aluminium smelter out to mid-2035, with a new deal with AGL providing more security for the future of the operations.
Nation to miss 2030 energy targets, says Transgrid boss
Renewable energy will generate 82 per cent of Australia’s power by 2031 or 2032 which is a year or two later than targeted, Transgrid chief Brett Redman says.
Power struggle: It’s AGL’s Kaluza versus Origin’s Octopus
AGL Energy’s new technology business, Kaluza, plans a fivefold expansion of customer accounts to challenge Origin Energy’s own investment – market leader Octopus Energy.
Renewed energy as AGL taps big profit
The retirement of Patricia McKenzie is a surprise after just two years in the job, but the outgoing chair has said she came in to stabilise the company and annual results demonstrate that the job is done.
ASX 200 trims gains late as NZ rate cut trips banks
RBNZ begins easing with first rate cut since 2020. ASIC sues ASX over CHESS statements. APRA orders review into CFMEU-linked super funds. CBA profits slip. Seven Group underlying profit jumps, Seven West Media earnings sink.
AGL’s Kaluza challenges Origin’s tech play with expansion
The energy group’s new investment Kaluza is expanding into Japan – pitting itself against Origin Energy’s own play, Octopus Energy.
Aussie homes to benefit from changes to energy rules
The energy sector’s rule maker has proposed a tweak to give greater returns to households with solar and batteries, which it hopes will spur increased uptake and less need for grid-scale developments.
Transgrid taps former Origin boss as new chair
The energy company has appointed former Origin Energy boss Grant King as its new chairman – a job that will see him join ex-AGL Energy chief to help transform its operations.
AGL sees benefits in pumped hydro
AGL Energy will explore upgrading three of its hydro power plants to run as pumped hydro facilities to capitalise on the price volatility that plagues Australia’s energy market.
AGL Energy buys 20pc stake in tech platform for $150m
AGL Energy will then migrate its nearly 4 million customers on to a new technology platform as it looks to answer the success of rival Origin Energy.
ASX drops; ANZ shifts rate cut to Feb
The local sharemarket has closed sharply in the red on market concerns that US and Australian interest rates will stay higher for longer.
Brookfield bounces back with green giant takeover
The $10bn deal to buy Australia’s biggest renewable energy giant Neoen kills off any lingering interest from Brookfield in previous takeover targets Origin Energy and AGL.
AGL seeks faster green energy approvals
Power giant AGL has upgraded its annual earnings guidance for the second time in three months and at the same time called for speedier approvals of new projects.
Two factors set to push AGL profits up by $500m
AGL Energy’s full year profit is likely to be about half a billion dollars higher than last year, the company has said in its second earnings upgrade in three months.
ASX 200 climbs 1.4pc, AUD down after RBA
RBA board considered a rate hike, ‘not ruling anything in or out’. Inquiry wants steps to combat supermarket giants’ power. Earnings upgrade lifts AGL. ANZ profit down, $2bn buyback ahead. Sims tanks.
AGL eyes UK-based OVO Energy’s tech platform
AGL Energy is considering the value of OVO Energy’s technology platform as it seeks to compete against Origin Energy’s purchase of Octopus in the UK.
Original URL: https://www.theaustralian.com.au/topics/agl-energy