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Brighter Energy for Today and Tomorrow

EnergyAustralia is effectively internally hedged² Actual 2011 Volume (TWh) 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 Actual 2011 Generation Capacity and Retail Load (MW) 8,000 6,000 4,000 2,000 0 Long¹ Short¹ Short by segment¹ Yallourn NSW Delta West Other SA/QLD Contracts VIC MM C&I Long¹ Short¹ Yallourn Delta Tallawarra Hallett NSW Swaps Qld Caps SA Ecogen Vic Source: EnergyAustralia 1. 2. 19 Source: EnergyAustralia Long position refers to electricity sources such as generation and contracts while short position refers to uses of electricity from retail customer base Internal hedging refers to the netting off of an entity's electricity sales and purchases from the wholesale pool (reducing net exposure to the pool electricity price) C EnergyAustralia
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