Integrated Gentailer ModelAGL's integrated generation-plus-retail model gives a durable structural advantage: it can internally hedge retail load with its own generation, reducing exposure to wholesale price swings and smoothing margins. This vertical integration supports steadier retail margins and earnings resilience over months.
Large Battery & Flexible Asset InvestmentsSignificant, multi-year investment in grid-scale batteries and flexible assets builds dispatchable capacity that captures price spreads, supports system reliability, and offsets coal/gas recontracting. The 9.6GW pipeline and FIDs create durable revenue optionality as the market shifts to renewables.
Improving Customer Metrics And Services GrowthHigher satisfaction, improving NPS and add-on services expansion strengthen retention and cross-sell potential. A lower churn spread and 78k service growth indicate more stable recurring revenue and durable customer economics, reducing long-term acquisition cost and supporting retail margins.