AGL Energy Limited reaffirmed earnings guidance for the financial year 2021. Underlying NPAT is expected to be around the middle of the previous range of $500 million to $580 million. This includes approximately $90 million of insurance proceeds relating to the fiscal year 2019 Unit 2 outage at the Loy Yang A power station, consistent with previous guidance. In addition, it includes a net benefit of approximately $25 million from a change in accounting policy that reduces historically capitalised costs relating to software as a service. For fiscal 2022, AGL Energy continues to anticipate a material step-down in earnings as a result of the lower wholesale electricity prices of the past two years now being realised through forward sold positions, as well as the non-recurrence of the insurance proceeds noted above and increases to wholesale gas supply costs.