AGL has provided feedback on the South Australian Department for Energy and Mining’s Stage 2 consultation for the Firm Energy Reliability Mechanism (FERM).
While we support the goal of securing reliable long-duration capacity, our submission raises concerns that the proposed design may introduce unnecessary compliance risks and fail to attract the investment needed and operate effectively.
We recommend a more market-based approach and caution against obligations that could increase costs for consumers without improving reliability or incentivising new investment.
MediaMedia Relations
+61 3 9087 6769
media@agl.com.au
Investor Relations
James Thompson
Head of Investor Relations
+61 403 183 563
JThompson5@agl.com.au