Bullock says ‘the war isn’t yet won’ on inflation, RBA ‘not ruling anything in or out’. Dollar falls. Telstra hit with two-hour outage. Bank of Japan’s first hike in 17 years. Takeover targets Pacific Smiles, Boral gain.
Australia’s biggest electricity generator has slammed a nuclear push by the Opposition, ruling out the technology in a move that may sideline a plan to station a reactor in the Latrobe Valley.
ASX down 2.3 per cent this week. AGL slams nuclear debate as muddying landscape. ASIC concerned by Westpac process. Tabcorp CEO’s comment was about female regulator. ARN Media lifts Southern Cross bid.
AGL has finalised plans to construct a 2GW renewable energy development as its transition plans accelerate.
A scheme allowing state governments to delay the closure of coal-fired power stations would complicate the country’s energy transition, AGL Energy has warned.
Victorian Energy Minister Lily D’Ambrosio has refused to provide any details of who the “experts” will be, nor confirm whether they have yet been appointed.
Some 55,000 Victorian households remain disconnected from the state’s electricity grid more than two days after wild weather downed transmission towers and power lines.
AGL says Victoria’s largest coal-fired power station will resume operating today, although tens of thousands may have to wait weeks for power to be fully restored.
AGL Energy will restore full operations at its Loy Yang coal power station within 24 hours, however many Victorians could be left without power for ‘days, if not weeks’.
Hundreds of thousands were left without power after Victoria’s major power station shut down, before wild storms knocked out transmission lines.
ASX 200 closes down 0.2pc at 7603.6points. Loy Yang A station offline. Callide C station failure report out. Macquarie hit by profit warning, star exit. Challenger lifts. Seek, Lew-backed Breville, Seven West and James Hardie fall.
A $30m revamp of a city office tower has kicked off, with an energy giant set to move in from its longstanding city fringe home. See the plans.
Things are finally going right for the old-world electricity generator as it prepares to bet everything on turning green.
Falling wholesale electricity costs could feed through to power bills, AGL Energy has said as it defended its 400pc half-year profit bonanza.
Iron ore miners trim gains as China’s CPI falls at fastest pace since 2009. Investors back News Corp, AGL earnings updates. Cochlear up on profit upgrade. REA Group, Transurban and Alliance Aviation drop.
Wind farm components are scarce, transformer supply is patchy and sourcing the special steel for them is even harder. AGL boss Damien Nicks explains the vast challenges of energy transition.
Armed with the blessing of the NSW Minns Labor government, AGL Energy will begin demolishing its Liddell coal-fired power station early next year.
A consortium will deliver an expanded renewable energy zone and AGL Energy’s $750m battery project at its former Liddell Power Station will go ahead.
The Australian surveyed asked the nation’s CEOs their views on inflation, energy and opportunities for their businesses in 2024. From AGL, BHP to Bunnings. These are their full responses.
ASX 200 hits fresh 10-month high on Bank of Japan’s unchanged policy, outlook. SQM, Hancock’s Azure bid lifts lithium bets. G8 Education soars. New CEO for takeover target Pacific Smiles.
AGL will trial a new battery system – adapted from technology used in space – that’s emerging as a potential alternative to lithium-ion for grid-scale storage.
An unambitious attitude to carbon transition is rewarding AGL executives with bonuses for ‘standing still’, the billionaire’s vehicle said.
RBA ‘resolute’ on CPI returning to target. Backlash against payouts to former Fortescue execs. Pro Medicus founders’ $176m selldown. AGL avoids second strike as Cannon-Brookes demands climate action.
If Dave Bartolo can pull off his latest project at AGL it will be, in his words, a miracle. And save the energy giant millions of dollars.
Electric vehicle owners respond to price signals from tariffs and charge in off-peak periods, allaying concerns that Australia’s electricity grid may struggle with the rise of zero emission cars.
Two AGL power stations have been handed fines after they admitted to inadvertently breaching their promise to be available to supply emergency power.
Two separate power stations in NSW and Victoria are set to be fined millions after admitting they were not ready to supply power in an emergency.
APA chair and former AGL boss Michael Fraser says a reality check is needed on energy, as Australia stumbles over its efforts to hit net zero targets by the end of the decade.
The US software giant has an answer for Australia’s flatlining productivity: its AI Copilot. But at this stage access to the tech is invitation only.
AGL’s new battery at Torrens Island has gone live, and can store enough electricity to power 75,000 homes for one hour.
Original URL: https://www.theaustralian.com.au/topics/agl-energy/page/2