maybe 20 years ago... it seems now that the maintenance is needing to be ramped up as components age - but really, a profit is just selling something for more than you paid for its inputs... the way that cost of generation is headed, the only way AGL could ensure they remain profitable is by actively controlling how they bid and supply into NEM (of the surplus generation available by them after taking care of their own customer demands).
The annual report even indicated that they had been purchasing off NEM recently as it was lowest cost (obviously during daytime solar peaks).
No mistake, coal power is still (for now) needed in the NEM... but for how long will it remain?
AGL Price at posting:
$6.64 Sentiment: Hold Disclosure: Held
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