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The Latest Breaking News from Damien Nicks

Energy retailer profits slump, looks to renewables

An electricity and gas retailer has seen a mammoth hit to its profits after a drop in energy prices as the company turns its focus towards renewables.

AAP

The election could be called any day – but Peter Dutton still hasn’t explained how his nuclear proposal will work

His claim that nuclear power would lead to cheaper bills in the near future isn’t supported by the modelling released to back it up. But the soundbite survives …

The Guardian - AU

AGL slams nuclear option, doubles down on big batteries

Australia's biggest emitter AGL Energy will build "a whole range of assets", but not nuclear reactors, to support the closure of 50-year-old coal power plants.

AAP

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Transition 'well under way' as AGL rejects nuclear push

Energy giant AGL has posted a stellar profit on higher power prices, taking the lead in the transition and dismissing nuclear as too costly and too late.

AAP

‘Raises red flags’: Coalition nuclear power plan met with widespread scepticism from business groups

Australian energy sector and industry groups warn of risk of cost blowouts and destroying private sector investment

The Guardian - AU

Why support for nuclear power is burning bright in Muswellbrook

Muswellbrook residents express support for nuclear energy.

Newcastle Herald

Australia’s big electricity generators say nuclear not viable for at least a decade

AGL Energy, Alinta, EnergyAustralia and Origin Energy say they will remain focused on renewables despite Coalition support for nuclear reactors

The Guardian - AU

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AGL says no to nuclear power station at Liddell site

AGL rules out using Liddell site for future nuclear power station

Newcastle Herald

Bushfire survivors bring home renewable energy message

Survivors of bushfire say they want everyone to live in a home that is safe from extreme impacts of climate change, which demands a rapid rollout of renewables.

AAP

AGL Energy posts $576m half-year profit as it rejects accusations of price gouging consumers

The company’s CEO says he’s ‘acutely aware of the cost of living pressures both our customers and the broader community is under’

The Guardian - AU

Largest emitter AGL battles delay, billionaire activist

Australia's biggest emitter AGL has avoided a second strike on executive pay but the largest shareholder is demanding an end to "old thinking" on energy supply.

AAP

AGL’s profits to boom as customers suffer massive price hike

AGL Energy has upgraded its profit outlook on increased generation and a reduction in forced outages but expects bill stress to rise as inflation remains high.

The New Daily

AGL ups profit outlook amid 'tough period for everyone'

AGL Energy has upgraded its profit outlook on increased generation and a reduction in forced outages but expects bill stress to rise as inflation remains high.

AAP

'I've never seen anything like it': Liddell's last moments

Liddell sent its final power to the grid at 10.15am on Friday.

Newcastle Herald

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AAP

AGL Energy boss optimistic on fully decarbonised nation

AGL chief executive Damien Nicks is putting a turbulent year behind him and is optimistic the company can spark a fully decarbonised economy.

The New Daily

Loy Yang A’s premature closure puts pressure on renewable energy to replace fossil fuels

AGL is speeding up the closure of one of Australia’s biggest carbon polluting power plants, but a solid replacement is yet to take shape.

The Guardian - AU

Amid rush to exit coal, AGL’s challenges are only just beginning

Energy retailer says it will need to find $20bn to meet its raised goal of adding 12 gigawatts of new wind and solar plants and storage by 2036

AAP

AGL catches up to peers with climate plan

Under AGL Energy's first climate transition plan, closing one coal-fired power station a decade early will avoid 200 million tonnes of greenhouse gases.

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Newcastle Herald

AGL Energy to accelerate exit from coal

Australia's largest electricity generator AGL Energy - operator of the Liddell and Bayswater power stations in the Hunter Valley - will go "net zero" after abandoning plans to split into two companies.

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