Probably correct, but the way Sky promoted that the recent gas crisis was caused by excessive investment in renewables dented any credibility for me on any argument about renewables. we had more than enough gas if it wasn't being sold for windfall profits.
No matter what loy yang is replaced with , 2200 Mw base load equivalent will take 20 play years to develop and install. It's not going to pop up like a mushroom. In other words the closure is not going to happen in the time frame given
And please don't mention the ridiculous pumped hydro schemes, people have got to understand that are net consumers of energy and cannot be used to replace generation and until we have a time when renewables exceed the total system demand ( so storage is effective) they will cause an increase in greenhouse gases. we need more renewable generation BEFORE these schemes should be given any thought at all, if they are to be as effective as people (politicians) believe they are.
AGL Price at posting:
$6.69 Sentiment: Hold Disclosure: Held
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