The Australian Competition Tribunal has overturned the decision of the Australian Competition & Consumer Commission (ACCC) to oppose AGL’s acquisition of the assets of Macquarie Generation (MacGen). The sale was announced in February 2014 but was rejected by the ACCC in March 2014.
Macquarie Generation is a state-owned company formed in 1996 active in the production, marketing and sale of electricity. Macquarie Generation owns and operates the Liddell and Bayswater Power Stations, two of Australia’s largest coal-fired power plants. The plants are located in the Upper Hunter Valley of New South Wales and have a combined generation capacity of 4,640 MW. In 2013, Macquarie Generation supplied 12% of the electricity consumed by the National Electricity Market.
The acquisition of Macquarie will thus increase AGL’s registered generation capacity by approximately 79% to more than 10,600 MW. This will bring AGL’s share of generating capacity in the National Electricity Market to approximately 21% and add to AGL’s diverse portfolio of renewable and thermal generation assets.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.