AGL's ammunition against the ACCC

The ACCC's flawed assumptions about AGL's MacGen acquisition reducing competition in the NSW energy market may give the retailer plenty of fodder for a potential challenge in the courts.

Thanks to NSW Treasurer Mike Baird, AGL has options with which to respond to the Australian Competition and Consumer Commission’s opposition to its proposed $1.5 billion acquisition of Macquarie Generation.

The ACCC declared its stance on the deal today, saying that it considered an AGL purchase of MacGen would be likely to lead to a substantial lessening of competition in the market for retail supply of electricity in NSW.

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