"I reckon it's getting smashed because this just further shines the spotlight on their hideous profits and now the chances increase that more action will be taken via the government."
@GoNuke
The federal government is waving a finger at AGL for a problem that is of the government's own doing.
It wasn't AGL that caused the power prices to spike, which led to the industry over-earning in recent years.
It is failed energy policy over the past decade - on the part of both federal and various state governments - that caused the supply-demand imbalance that we see today in power markets.
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Ann: Appendix 4E and 2018 Annual Report, page-28
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$10.70 |
Change
0.240(2.29%) |
Mkt cap ! $7.857B | |||
| Open | High | Low | Value | Volume |
| $10.50 | $10.87 | $10.47 | $27.26M | 2.541M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 95552 | $10.69 |
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| Price($) | Vol. | No. |
|---|---|---|
| $10.70 | 8619 | 1 |
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