The energy producer is fast-tracking preventative maintenance on its fleet of coal,gas and hydro generators ahead of an expected long,hot summer.
Melbourne Airport will be part of a major trial to shift energy demand from peak times and use renewable power when it is more abundant to put downward pressure on the electricity grid.
Surging electricity prices and Australia’s patchy energy transition are prompting the country’s biggest cement,concrete and asphalt producer to temporarily halt manufacturing each day.
Before Mike Cannon-Brookes’ intervention,AGL had planned to continue burning coal at some of Australia’s largest power stations until well in the 2040s.
The power giant has swung to a heavy loss after a chaotic 12 months for the east-coast energy market,but flags better times ahead as electricity prices rise.
The owner of one of the largest coal-fired power stations in NSW may delay its closure amid concerns about the slow rollout of clean energy across the grid.
Australia’s biggest power generator has admitted failing to provide critical services from two of its coal-fired power stations in Victoria and NSW.
By doing the bill “squirrel”,you can use your bill money to also save you loan interest,rather than big energy companies using it to ratchet up profits.
Mike Cannon-Brookes has thrown support behind AGL’s increased carbon ambitions but intends to ramp up engagement and press for earlier coal plant closures.
AGL is confident the bumpiest year of the green energy transition is now behind it as higher wholesale power prices help it return to profit.
Wood,an ALP member with stints at Uber and News Corp,brings some fresh ideological diversity to Hockey’s booming advisory firm Bondi Partners.