One of Australia’s top energy companies has been sued for allegedly using bids to manipulate power prices and inflict financial damage on customers. In early June, law firm Piper Alderman announced that it had launched a class action lawsuit against energy giant AGL following an investigation into abnormal hikes in electricity spot prices in South…
Australian Energy Giant Sued for Allegedly Manipulating Electricity Prices
AGL Retires Liddell Power Station to Build Renewable Energy Hub
Another major coal-fired power station in Australia has been shut down after 52 years of service as its owner steps up the transition to renewable energy. On April 28, AGL, Australia’s largest energy producer and retailer, officially turned off the engine of Liddell’s remaining generators, marking the end of the 1,500-megawatt power station that once…
Australian Households to Bear the Brunt Under New Gas Price Hike
Australian households are bracing themselves for a double to triple-digit hike in their gas bill after two of Australia’s largest energy suppliers announced new gas rates. AGL, the country’s largest electricity generator, has raised gas prices for Victorian, New South Wales (NSW), Queensland and South Australian customers–from Jan. 1 for customers on standing offers and…
Energy Boss Warns Australia Not to Shut Down Fossil Fuel Power Plants too Early
The head of a major energy company in Australia has warned that shutting down coal and gas power plants too early will expose the national power grid to significant risks. In an interview with the Australian Financial Review, EnergyAustralia managing director Mark Collette said there needed to be some form of agreement between governments and…
Victoria’s Gas Supply Crisis Worsened by Government Policy
Commentary The state of Victoria has the most extensive natural gas network in Australia and the highest consumption due to cold weather and the use of gas for domestic heating. Yet the state is able to meet its own needs with gas production while supplying some gas also to Tasmania, South Australia, and New South…
Australian Energy Industry Calls for Scrapping of ‘Complicated’ Grid Transmission Proposals
Australian companies and peak bodies in the energy sector have called on regulators to scrap “overly complicated” proposals on transmission access that may adversely affect the energy market. The Energy Security Board (ESB) has developed an Integrated System Plan to adjust controls and investment incentives in energy transmission as more and more renewable energy zones…
AGL Withdraws Plan To Build Gas Terminal in Victoria
Energy giant AGL has formally withdrawn its plan to build a liquefied natural gas (LNG) import terminal in Melbourne just weeks after the Victorian Labor government rejected the company’s proposal. “The Victorian Minister for Planning found AGL’s proposed project to have unacceptable environmental effects,” an AGL spokeswoman said in a statement. “As a result, AGL has…
Australia’s Largest Energy Company Splits in Two to Cope With Falling Energy Prices
Australia’s largest energy producer and retailer, AGL Energy, will be dividing itself into two new companies that will focus separately on energy production and retail. Announcing the changes on March 30, AGL said it would divide into New AGL, which would take care of AGL’s multi-product retail side, including the delivery of electricity, gas, internet, and mobile…
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