Renewables are here to stay and AGL is doing the right thing,...

Renewables are here to stay and AGL is doing the right thing, just needs to accelerate the push to shutdown old coal generation assets.

Chart below is Germany, perhaps the most renewable invested country in Europe. I would say Australia is roughly 10 years behind, Our future is clear on the chart.


Also power consumption is falling because everything is becoming more power efficient, just look at the LED lighting now up to 10x the efficiency, and rooftop solar (Residential rooftop solar internal consumption during the day is not metered, just the difference)


Wholesale electricity prices in Germany (note the steady decline until 2015)



I expect same thing is happening now with AGL as it happened with RWE in 2011 to 2015 - drop in electricity prices, consumption flat, while trying to shut down coal generation and build more renewables.



Once renewables are in place, and coal is shut down, Australia can expect increase in wholesale prices again.
Not to mention electric cars coming in next decade. But AGL is not for people looking to make a quick money.

All IMHO. DYOR.