Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  AGL Energy Ltd    AGL   AU000000AGL7

AGL ENERGY LTD (AGL)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

AGL Energy : comments on recent market events in South Australia

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/19/2016 | 06:20am CEST

Friday, 19 August 2016

AGL Energy Limited (AGL) today provided further details to address inaccurate claims regarding recent market activity in South Australia.

On 7 July 2016, AGL Torrens had a unit out of production to complete mandatory safety and compliance work associated with operating boilers and pressure vessels. This unit had been out since 28 June 2016.

AGL Torrens has operated at significantly higher than planned levels throughout winter and AGL has been actively managing outages of units to ensure reliable supply of capacity for South Australian customers.

High spot prices in South Australia were recently driven by a number of factors. With the closure of the Northern Power Station, the State is now heavily reliant on gas generation. Through June and July there were significant constraints in the gas market particularly impacting gas fired power in the State. This included the restricted capacity of the Heywood interconnector and lack of availability of adequate gas supplies that could be transported to South Australia. These factors resulted in a $35 million negative impact to AGL, as announced to the market on 7 July 2016.

The South Australian energy market is currently undergoing a transition and AGL is actively working with governments, regulators and others in the industry to help provide access to reliable energy supplies for customers.

About AGL
AGL is one of Australia's leading integrated energy companies. It is taking action to responsibly reduce its greenhouse gas emissions while providing secure and affordable energy to its customers. Drawing on over 175 years of experience, AGL serves its customers throughout eastern Australia with meeting their energy requirements, including gas, electricity, solar PV and related products and services. AGL 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, wind, solar, landfill gas and biomass.

AGL Energy Ltd. published this content on 19 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 August 2016 04:20:03 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AGL ENERGY LTD
09/17AGL ENERGY : - The Largest Wind Turbine Blades Ever Transported in Australia Beg..
AQ
09/13AGL ENERGY : warns of 2020s Victorian gas shortfall
AQ
09/12AGL ENERGY LIMITED : - Completion of National Assets sale and closure of residen..
AQ
08/27AGL ENERGY : CEO transition announcement
AQ
08/27AGL ENERGY : withdraws Resolution 4 from Notice of 2018 Annual General Meeting
AQ
08/23AGL Energy CEO Andy Vesey Steps Down
DJ
08/22AGL ENERGY LTD : Ex-dividend day for final dividend
FA
08/14AGL ENERGY : Subordinated Notes - Key Financial Ratios
AQ
08/08AGL ENERGY : Profit Jumps on Financial Gain, Wholesale Business
DJ
08/02AGL ENERGY LIMITED : - Webcast and conference call details for AGL's FY18 full-y..
AQ
More news
News from SeekingAlpha
2017How To Get To 100% Renewable Energy - Fast 
2016AGL Energy's (AGLNF) CEO Andrew Vesey on Q2 2016 Results - Earnings Call Tran.. 
2016AGL Energy Ltd reports FY16 results 
2016EWA : Getting In Down Under 
2015AGL Energy Is Hitting The Sweet Spot Right Now 
Financials (AUD)
Sales 2019 12 962 M
EBIT 2019 1 663 M
Net income 2019 1 025 M
Debt 2019 2 403 M
Yield 2019 6,13%
P/E ratio 2019 12,41
P/E ratio 2020 12,49
EV / Sales 2019 1,17x
EV / Sales 2020 1,14x
Capitalization 12 716 M
Chart AGL ENERGY LTD
Duration : Period :
AGL Energy Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AGL ENERGY LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 21,6  AUD
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Brett Alan Redman Chief Executive Officer
Graeme P. Hunt Chairman
Doug Jackson Executive General Manager-Group Operations
Damien Nicks Chief Financial Officer
Simon Moorfield Executive GM-Information Systems & Technology
Sector and Competitors
1st jan.Capitalization (M$)
AGL ENERGY LTD-20.44%9 270
ELECTRICITÉ DE FRANCE47.31%53 239
ENGIE-11.96%35 489
NATIONAL GRID PLC-10.03%34 962
SEMPRA ENERGY6.92%31 505
ORSTED23.12%27 281