AGL Energy

Not to be confused with AGL Resources or ActewAGL.

AGL Energy Limited
Company typePublic
ASX: AGL
S&P/ASX 50 Component
Industry
Founded1837
HeadquartersSydney, New South Wales, Australia
Key people
Damien Nicks (CEO)[1]
Products
Services
RevenueDecrease A$1,218 million (2022)[2]
Increase A$860 million (2022)[2]
Subsidiaries
Websitewww.agl.com.au

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.[3] It is one of the "big three" retailers in the National Electricity Market.[4] AGL is Australia's largest electricity generator, and the nation's largest carbon emitter.[5] In 2022, 83% of its energy came from burning coal.[6]

It is, however, targeting 12 gigawatts of new renewable energy by 2035, when all of its coal fire generators are aimed to be closed.[7][8] It closed Liddell Power Station in 2023, but aims to close Bayswater Power Station in 2033, and Loy Yang A Power Station in 2035.[9]

  1. ^ "Change to CEO and Chairman". AGL. 19 January 2023. Retrieved 5 April 2023.
  2. ^ a b "FY22 Results Announcement" (PDF).
  3. ^ "Australia's 10 highest greenhouse gas emitters 2019-20". www.cleanenergyregulator.gov.au. Retrieved 15 November 2021.
  4. ^ "State of the Energy Market 2022" (PDF).
  5. ^ "Australia's 10 highest greenhouse gas emitters 2020-21". Clean Energy Regulator. 28 February 2022. Retrieved 28 July 2022.
  6. ^ "Green electricity guide".
  7. ^ "No room for nuclear: AGL says flexibility is key as it plans to dump coal for renewables in a decade". RenewEconomy. 9 July 2024. Retrieved 13 July 2024.
  8. ^ Kruger, Colin (22 October 2023). "Australia's green future at stake as Origin takeover hangs in balance". The Sydney Morning Herald. Retrieved 23 October 2023.
  9. ^ "Climate Transition Action Plan" (PDF).