AGL Energy Ltd Overview
Pro stress-test →AGL Energy is an Australian listed public company involved in both the generation and retailing of electricity and gas, and is one of the "big three" retailers in the National Electricity Market. It services over 4 million retail electricity and gas accounts in Australia, representing about one-third of the market.
Strategic Profile
Pro stress-test →As Australia's largest electricity generator, AGL is transitioning from coal dependency (targeting 12 gigawatts of new renewable energy by 2035 when all coal-fired generators are aimed to be closed). The company's retail transformation program is progressing with retail capabilities deployed, and it has grown its development pipeline to 11.3 GW with new long-term power purchase agreements for wind farms in South Australia and Western Australia.
Competitive Landscape
Pro stress-test →AGL's main competitors include Origin Energy, EnergyAustralia, Snowy Hydro, Alinta Energy, and Simply Energy. AGL maintains competitive advantage through its largest generation portfolio and retail customer base, but faces intensifying competition in renewables development from pure-play renewable operators and integrated energy competitors transitioning faster than AGL's legacy coal base.
Industry Context
AGL Energy Ltd operates in Electric Utilities - Integrated Energy (Generation & Retail).
Key facts
Founded: 1837 · Headquarters: Sydney, Australia · Employees: 3,897 · Revenue: $8.76B · Market cap: $4.93B