AGL shows energy crisis risks becoming the new reality

That’s the question we should be asking as AGL Energy topped off a week of terrible news for the sector by revealing its

And we really want to get to the position of having no coal-fired generation as quickly as possible. So let’s start planning for it in a way that balances emissions, reliability and affordability.

The federal govt could have decided 10 yrs ago, to go 100% renewables like the ACT did in 2013 but it did nothing, just let shit happen & now we have Origin reporting their coal mines flooded so no coal & AGL putting off maintenance until no choice. Could it get worse? yes snowy

Need human like euthanasia! Kill them off and build more renewableenergy renew_economy australian SOLAR electricity

The problem is that with the government advocating for no coal, there is no incentive for power companies to maintain the power plants. They won't be resold so it's dead money for them to spend money on maintenance. Government need to incentivise maintenance with grants.

Victoria will face challenges as it exits coal by early 2030s. Madness, really.

Everyone wants to save the planet but there is no policy or structure to energy transition. Companies will not invest in maintenance of assets if there is no future. All the noise makers are rich and have no idea what price the poor Consumers pay for this.

Fortunately the infrastructure surrounding intermittants never ages

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Brookfield’s infra, private equity arms involved in AGL buyingAGL Energy dropped a nice little bomb on Thursday morning, revealing its former suitor Brookfield Asset Management had popped up with a 2.56 per cent stake in the company.
Source: FinancialReview - 🏆 2. / 90 Read more »

AGL uncovers surprise Brookfield stakeThe embattled energy supplier has become aware that Brookfield may hold a 2.56 per cent stake, raising the possibility of further takeover action. angelamacd you do understand that Brookfield is not Cannon Brookes right? You also do understand that Cannon Brookes has nothing to do with SunCable? You've never apologised for your reporting on it. Your tweets & articles remain. Do your research.
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AGL demands gas supplies to serve Weston customersAGL is demanding Weston Energy release long-term gas contracts after the smaller supplier was suspended, a row that escalates Australia’s energy crisis.
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AGL power station outages intensify energy crisisBreakdowns at AGL coal power stations have deepened the immediate energy crisis, while likely delays at Snowy 2.0 have darkened the longer-term outlook. China wants 2600 coal fired power station, 200 under construction today Albo praises China, best economy in 'human history' 2022 Australia Why can’t we be the best economy by using our coal AGL was trying to spin off their useless clunky power generators to get cash
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