JP Morgan say that with rapid coal generation closure, AGL may be worth more than the market currently thinks. But maybe not.
Investors feel like they have been sandwiched between Cory Bernardi and Bob Brown, but there are finally signs that the investment drought for wind and solar is over.
AGL Energy says SA virtual power plant well ahead of schedule after 150 first round battery systems snapped up by consumers.
NSW and Queensland – which still own their networks – block reforms that could lower network costs. Meanwhile, Finkel sings praises of pumped hydro and household battery storage to COAG energy ministers.
Australia remains one of world’s most expensive places to develop renewables, when it should be one of the cheapest.
AEMO’s latest report reinforces Alan Finkel’s assessment that Australia’s grid is not fit for 21st century, and needs rapid change. Its chairman compares fossil fuel plants to petrol cars, and struggles to accept the pace of technology change. You won’t find a fuel cap on an electric car.
Australia’s monopoly electricity networks are the most profitable businesses in Australia. And the consumer pays, and pays.
Before we consider how the NEM might need to change, it is important to understand how it came about.
Australian start-up Power Ledger named as global leader in blockchain technology which has the potential to “rapidly disrupt” the traditional energy market and fast-track the shift to decentralised generation.