the last thing the government should be doing is funding renewables... particularly solar. Proof is there already that renewables are more profitable to operate - they don't need incentives - just less hurdles.... and storage... lots and lots of storage (cheap debt funding of storage may help accelerate things - AGL could benefit from this with Liddell and Torrens Point both having plans in motion for onsite BESS near term)
what the government SHOULD be doing is expediting development processes, planning transmission infrastructure to enable bigger and more diverse install locations - so the hurdles to connection, curtailment and marginal loss factors are minimized.
The recent progress is offshore wind is a good example of movement in the right direction - perhaps the federal government also passing the eye over what snowy hydro (being federally owned) is doing and when they participate in the market to help have their impact actually reduce spot prices... they were one of the highest cost bidders recently.
AGL Price at posting:
$8.54 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)