AGL profit per household tops $100

AGL booked total write-offs of $868 million.

AGL has boosted the profit it makes per household thanks to rising gas and electricity prices against the backdrop of higher wholesale market prices.

Victorians may soon get cheaper power bills

The Victorian government wants to see price cuts.

Victoria's households could see power prices fall further than expected with the Victorian government throwing its weight behind a push by the industry regulator to force through price cuts

Gas market shake-up aimed at lowering prices

The government plans to shake up the domestic gas market by boosting trading in gas to help reduce prices

The inefficient pricing and opaque contracts which have bedevilled the domestic gas market are to be blown wide open with the government forcing the development of two gas trading hubs while also forcing open access to pipelines.