AGL earns $4.5 billion in retail electricity and gas; 2010 revenue up 15 per cent

AGL earns $4.5 billion in retail electricity revenue: up 15 per cent

First 13 of 13 paragraphs shown  AGL earned $4.5 billion in retail electricity revenue, this was up 15 per cent on 2009, and still tool low argued AGL in its annual report.
 How AGL did it: AGL reported its 2010 mass market financial success was driven by:
 -  regulatory and contract outcomes in New South Wales and Queensland; its
 -  contract performance in Victoria; and
 -  a focus on high value customers
 Michael Fraser, Managing Director, AGL, in the  2010 Full Year Results, 12 months to 30 June 2010, published 26 August, reported strong performance by Retail Energy was driven by
- increased retail mass market gross margin per customer (up 7.5per cent);
 - good growth in Dual Fuel customers (up 9.9per cent);
 - significant improvement in debtor management;
 - significant improvement in debtor management;
 - commencement of generation at Bogong Hydro and Hallett 2 wind farm; and
 - excellent wind farm performance, 780,000 MWh generated.
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(2010-08-31)

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Article in: [Energy User][EWN Publishing][Electricity Week][Electricity QLD]
Article Tags: [ Consumer Issues ][ Retail ][ Energy - Electricity ]


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