AGL cuts electricity prices across NSW, SA and Queensland
AGL has announced it will lower electricity prices across New South Wales, Queensland and South Australia from July 1.
“We understand power prices have been high and that has put pressure on many households," said AGL’s Chief Customer Officer Melissa Reynolds.
“While these price cuts are slight, they’re part of a downward trend that is emerging as more investment in new sources of supply comes into the market.
“Meanwhile, a record number of customers are seeking out better deals and we welcome this clear sign of healthy competition.”
“More than two million customer accounts have changed over to a new deal with AGL since July last year, meaning many customers have already seen their bills come down.”
Ms Reynolds said prices could be driven even lower if policy certainty encourages additional investment in new supply.
“AGL supports the policy certainty that would come with implementation of the National Energy Guarantee.”
The price cuts announced today are set against rising network and green costs.
Price change percentages are a weighted average. Some individual rates may not change.
AGL is committed to helping shape a sustainable energy future for Australia. We operate the country’s largest electricity generation portfolio, we’re its largest ASX-listed investor in renewable energy, and we have more than 3.6 million customer accounts. Proudly Australian, with more than 180 years of experience, we have a responsibility to provide sustainable, secure and affordable energy for our customers. Our aim is to prosper in a carbon-constrained world and build customer advocacy as our industry transforms. That’s why we have committed to exiting our coal-fired generation by 2050 and why we will continue to develop innovative solutions for our customers.