AGL submission on the Amending the administered price cap rule change

AGL has made a submission to the Australian Energy Market Commission amending the administered price cap rule change. The submission supports the proposed increase of the Administered Price Cap from $300 to $600 as the rule will reduce generator risk by providing appropriate incentives to supply during administered price periods and by reducing the burden and uncertainty created when compensation claims are required, and will also reduce retailer exposure to unpredictable compensation costs.

Read the full submission here.