From ORG quarterly, i expect AGL to also have a good lift in net customer wins due to the 3rd party smaller retailers all folding during the spike in wholesale prices last year. NEM ave for Dec $91 compared to $57 same time last year, great for free cashflow
Q2(Dec-21)Q2(Dec-22)Electricity and natural gas markets
• Both electricity and gas spot prices trended lower compared to the Sep-22 quarter, albeit they remain higher than the Dec-21quarter due to higher international coal and gas prices:
− Average NEM spot electricity price for the Dec-22 quarter was $91/MWh, a significant decrease from $219/MWh in theSep-22 quarter due to lower demand as a result of warmer seasonal weather and increased baseload and renewablegeneration, and up from $57/MWh in the Dec-21 quarter
− Average domestic spot gas price for the Dec-22 quarter was $18/GJ, down from $26/GJ in the Sep-22 quarter driven byreduced demand due to warmer seasonal weather, and up from $11/GJ in the Dec-21 quarter
• A temporary price cap of $12/GJ on domestic gas sales by gas producers and a temporary price cap of $125/t on coal tookeffect from 23 December 2022
From ORG quarterly, i expect AGL to also have a good lift in net...
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Last
$10.55 |
Change
-0.030(0.28%) |
Mkt cap ! $7.090B | |||
| Open | High | Low | Value | Volume |
| $10.56 | $10.60 | $10.51 | $2.278M | 215.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 7475 | $10.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.56 | 2337 | 17 |
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| Last trade - 12.22pm 13/11/2024 (20 minute delay) ? |
| AGL (ASX) Chart |