Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

AGL Says Price Regulation Threatens Australia’s Renewable Target

AGL Energy Ltd., the Australian electricity and gas retailer, said regulatory changes limiting retail power prices in South Australia and Queensland states “call into question” whether the country will achieve its renewable energy target.

“If state governments continue to interfere in regulating retail prices, it’s unlikely it will be met,” AGL Chief Executive Officer Michael Fraser told reporters today in Sydney, referring to the country’s goal of getting 20 percent of its power from renewable sources by the end of the decade.

AGL will suspend further investment in power generation, including renewable energy, in South Australia as a result of a plan in the state that would reduce the price of electricity, the Sydney-based company said today in a statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.