AGL 1.90% $9.27 agl energy limited.

Can AGL close both LYP and Bayswater on schedule?

  1. 426 Posts.
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    The above graph from AEMO is a good reason for the NO vote. Its the maximum penetration of renewable into the system, The average will be a lot less (50% of the maximum at best). The maximum is when all solar, wind and other renewable sources combined have hit a sweet spot and is not be a true representation of power generated versus requirements (its the utopic view as I describe it), So the maximum percentage of renewable input is less than that of 12 months ago despite a moderate summer (less demand) in the southern states, an increase in domestic solar installations attributed to higher household energy costs and increased wind generation. It is obvious that demand is outstripping supply of renewable's,
    So we have
    Erraring (2.9 GW) closing in 2025.
    Yallourn (1.4 GW) Closing in 2028
    Bayswater (AGL, 2.6 GW) closing 2030-33
    LYP (AGL, 2.2 GW) closing in 2035.

    To close Bayswater in 2030 there will have to be another average 4 GW (If have guessed off loading and downtime of the thermals in current scenarios) of power required without load growth. This equates to around 12 GW (I think more) of renewable energy in 6 years. As stated before many wind projects are being held by regulations and disputes but that is a real world problem, not something that will just go away overnight, and the sugar hit from increased domestic solar will be reduced,

    And note, for long term storage option like pumped hydro to fill the gaps there must be greater than 100% penetration for an extended period to allow "recharging" of the storage.

    For AGL I hope they are planning for longer generation of the thermal assets, if they are allowed to become unreliable like others did before closure we are in for a world of pain.
 
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