Note how cheap the power is all those states. That's because of the surplus generation because of renewables in all states.
No squeezing of supply like the fossil generators like to do in order to push the price up.
Renewables pushing the price down yet again.
AGL looks to EVs, batteries and rooftop solar as it goes local and digests massive loss
The splash of red ink on the company’s results was mostly driven by a big $706 million write down of its fossil fuel assets, significant hedging losses and and reduced operating earnings caused by breakdowns and outages at some of its key coal generating assets.
