On 21 May 2008 AGL announced the first trade of future instruments (AETUs) that are to be traded under the future Australian Emissions Trading Scheme (AETS), selling 10,000 Vintage 2011 to Westpac Banking Corporation.

We believe that by encouraging early activity entities will be better placed  to manage their future risks furthermore a transparent price for carbon will go towards aiding liquidity in the electricity curve beyond 2010.

We have prepared, in conjunction with Minter Ellison, documentation which we hope is viewed as impartial to both seller & buyer.

AGL will make 2-way markets in AETUs for the 12 month period of Vintage 2011  & 2012 between 10.00 & 16.00 daily in parcels of 10,000 tonnes per side.

AETU VINTAGE 2011      $19.00/$23.00
AETU VINTAGE 2012      $19.50/$24.00

Last updated: 24 July 2008
Prices are current at the time described