24 Facts About AGL Energy

AGL Energy Ltd is an Australian listed public company involved in both the generation and retailing of electricity and gas for residential and commercial use.

AGL Energy generates energy from power stations that use thermal power, natural gas, wind power, hydroelectricity, solar energy, gas storage and coal seam gas sources.

AGL Energy entered the residential and commercial gas market in Western Australia in July 2017.

AGL Energy was the second company to list on the Sydney Stock Exchange.

Twenty-five per cent owned by AGL Energy, ActewAGL provides electricity, natural gas, and telecommunication services to business and residential customers in the Australian Capital Territory and south-east New South Wales.

Related searches

AGL Energy bought Transalta NZ's electricity retail business for NZ$824 million in 2001.

In Victoria, in June 2012, AGL Energy acquired Loy Yang A Power Station and the Loy Yang coal mine.

In New South Wales, in September 2014 AGL Energy acquired Macquarie Generation from the New South Wales Government for $1.

AGL Energy announced in April 2015 and reaffirmed in September 2017 that it intends to close the Liddell Power Station in 2022.

In 2018, AGL was among 17 energy businesses that supported the launch of the Energy Charter, a global initiative aimed at bringing together all parts of the power supply chain to give customers more affordable and reliable energy.

In 2019, AGL Energy entered the telecommunications industry with the purchase of Southern Phone, a regional telecommunications company.

In June 2021, AGL announced its intention to split into a bulk power generator and a carbon-neutral energy retailer.

AGL Energy was to be rebranded as Accel Energy and hold the company's coal-fired power plants and wind farm contracts, while the electricity and gas retail assets were to be spun off into a separately listed company, AGL Australia.

AGL Energy currently owns three coal-burning power stations which produce a majority of its power generation.

Australian Government Clean AGL Energy Regulator publishes an annual list of the ten largest emitters of greenhouse gases.

AGL Energy is responsible for more than double the carbon emissions of Australia's second-biggest electricity generator, and more than BHP, Rio Tinto, Glencore, and Qantas combined.

AGL Energy has a diverse power generation portfolio—including base, peaking and intermediate generation plants—spread across traditional thermal generation as well as renewable sources including hydro and wind.

In February 2016, AGL Energy announced that exploration and production of natural gas assets would no longer be a core business for the company.

AGL Energy has implemented a decommissioning and rehabilitation program for its well sites and other infrastructure in the Gloucester region.

In November 2016, AGL Energy commenced the progressive decommissioning and rehabilitation of wells at the Camden site.

In June 2017, AGL Energy announced the development of a new $295 million gas-fired generator in South Australia.

In 2021, the Andrews State Government halted the project, despite gas shortages being forecasted, forcing AGL Energy to announce that it would no longer proceed with the project.

In early 2020, AGL Energy announced that it would not be proceeding with the Kanmantoo Pumped Hydro project.

In February 2016, AGL Energy announced the creation of the Powering Australian Renewables Fund.