totally the same topic... rather than blame "going green".... maybe you should read the history of why AGL lost money on it...
TLDR - they sold the green generators, then contracted themselves to buy the output at a higher price than where the NEM ended up.
Its a failure of financial instruments by Redman - not from green energy
Will Government pay AGL to go Green??, page-7
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$10.56 |
Change
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Mkt cap ! $7.104B | |||
| Open | High | Low | Value | Volume |
| $10.62 | $10.65 | $10.46 | $14.25M | 1.353M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14496 | $10.56 |
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| Price($) | Vol. | No. |
|---|---|---|
| $10.57 | 14024 | 3 |
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