AGL plans to create two leading energy businesses focused on executing distinct strategies.

Both businesses would be established as category leaders which could play a crucial role in the energy transition.

New AGL
New AGL

Australia’s largest multi-product energy retailer

 

  • 4.5 million services to customers*
  • 24 TWh customer electricity demand
  • 74 PJ customer gas demand
PrimeCo
PrimeCo

Australia’s largest electricity generator

 

  • 8.9 GW installed capacity
  • 40 TWh generated per annum
  • 7.7 GW infrastructure connection
AGL plans to create two leading energy businesses focused on executing distinct strategies. Both businesses will be established as category leaders which can play a crucial role in the energy transition.

What this means for

What this means for our shareholders, customers and communities.

The creation of these new businesses would build on AGL’s 180 year history of evolving and innovating as a leader in Australia’s energy sector.

We are committed to ongoing engagement to deliver the optimal outcome for AGL shareholders.

Timeline

Note: the material in this presentation provides an indicative outline of AGL’s proposed separation plans. These plans are subject to a number of conditions and requirements and therefore are subject to change. The numerical estimates set out in this presentation are provided for illustrative purposes only and are not represented as being indicative of any future financial conditions or performance. The company names “New AGL” and “PrimeCo” are project names and the icons and logos have been created for the purpose of illustration only.

*Services to customers number is as at 31 December 2020 and includes Click Energy and 100% of approximately 300,000 services to customers of ActewAGL, in which AGL owns a 50% equity stake of the retail operations.