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APA Group ( (AU:APA) ) has issued an announcement.
The Australian Energy Regulator has approved APA Group’s application to convert Basslink into a regulated Transmission Network Service Provider, effective July 2026. This decision, reversing a previous draft decision, follows an agreement with the Tasmanian Government and aims to provide stability and sustainability for energy consumers in Tasmania and Victoria. The move is expected to enhance energy security and price stability, benefiting households and businesses in the region.
The most recent analyst rating on (AU:APA) stock is a Hold with a A$7.00 price target. To see the full list of analyst forecasts on APA Group stock, see the AU:APA Stock Forecast page.
More about APA Group
APA Group is a leading energy infrastructure company listed on the Australian Securities Exchange (ASX). It owns and manages a diverse portfolio of gas, electricity, solar, and wind assets valued at $27 billion. APA plays a crucial role in Australia’s energy sector by delivering around half of the nation’s domestic gas through its extensive network of pipelines and connecting various regions through its electricity transmission assets.
Average Trading Volume: 3,754,376
Technical Sentiment Signal: Buy
Current Market Cap: A$11.11B
For an in-depth examination of APA stock, go to TipRanks’ Overview page.