AGL is fully committed to complying with the conditions set out in the Australian Competition Tribunal’s authorisation of the acquisition of AGL Macquarie.
As part of the Australian Competition Tribunal’s authorisation of AGL’s acquisition of AGL Macquarie in 2014, there is a requirement for AGL to have offered and/or to have entered into a minimum number of baseload swap contracts to licenced eligible NSW electricity retailers subject to the conditions outlined in the authorisation.
Compliance with these conditions is verified by independent quarterly audits, copies of which are provided to the Australian Competition and Consumer Commission.
The PDF below provides an indication of AGL’s future compliance with the conditions:
It is important to note that compliance with the conditions does not of itself preclude AGL quoting outside its parameters, and AGL remains willing to consider all quote requests where possible.