AGL Energy Limited · North Sydney Australia ·(Australian: AGL)
Company Description
Phone: +61-2-9921-2999
Fax: +61-2-9921-2772
Rankings
- ASX All Australian 50
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This link will open in a new window AGL Energy emerged from the Australian Gas Light Company (Australia's oldest energy company, founded in 1837). AGL Energy is the country's major electricity retailer. It is also a top gas retailer and distributor in Australia. AGL Energy retails gas to 1.4 million customers and electricity to 1.8 million customers. Its residential and small business customers are located in New South Wales, South Australia, and Victoria, while its commercial and industrial customers are primarily in Queensland. AGL Energy is also a leading renewable energy company. In 2008 BG Group , which earlier in the year failed in its bid to buy Origin Energy made a bid to acquire AGL Energy's 22% stake in Queensland Gas Company. To read the full description, subscribe now.
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Key AGL Energy Limited Financials
| Company Type | Public - Australian: AGL Headquarters |
| Annual Sales (mil.) | $1,249.5 |
| Employees | 3,000 |
AGL Energy Limited Executives
25 executives listed for AGL Energy Limited's North Sydney, location.
| Title | Name & Bio | Contact |
| Chairman | Mark Johnson | Network |
| Managing Director and CEO | Michael Fraser | Network |
| CFO | Stephen Mikkelsen | Network |
Competition
Competitive Landscape for AGL Energy Limited
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top AGL Energy Limited Competitors
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