On Friday 15 April 2022, Unit 2 at AGL’s Loy Yang A Power Station in Victoria was taken out of service due to an electrical fault with the generator. An investigation is under way into the cause of the electrical fault and AGL is engaging with the relevant authorities and technical experts.

AGL is currently assessing the length of any resulting outage that may occur at Loy Yang A Unit 2 as well as measures that may be taken to mitigate the impact of the outage. On a precautionary basis, AGL has informed the Australian Energy Market Operator that the length of this outage may be until 1 August 2022, subject to the completion of this assessment. AGL notes that this estimate is highly preliminary and subject to change.

AGL will inform the market of any financial impact of the technical fault and timing of the outage once these assessments have occurred. It is currently estimated that this information will be available by no later than the first week of May.

Authorised for release by AGL’s Market Disclosure Committee.