Your electricity bill is made up of a few components but by and large the two biggest is the wholesale cost (cost of generation) and the network cost (cost of transmission ie poles and wires). AGL as a generator of electricity is only interested in the former (wholesale cost).
So whilst electricity bills may be going up ~20% on July 1 - this is mostly caused by a ~50% jump in the wholesale cost whereas all other costs are flat/up ~5-10%. This will have a huge impact on AGL’s margins.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)