I think the problem here with the gentailers such as AGL is that...

I think the problem here with the gentailers such as AGL is that they are still milking the coal train as it is still profitable. However, the market is saying you should move to renewables sooner. Yes gentailers have been slow to move to renewables, but then again they are in the best position to move to it when it is economically feasible to do so. I too think that time has come, and you will probably see in the March update AGL will make some sort of annoucement around moving away from renewable PPAs and direct investment into renewables. They will probably milk the coal generators and for quite longer as AGL's coal generators has the lowest cost base (in comparison to other coal generators) and will probably stay around as base load for the nights and it will remain profitable. So not exactly what the markets are pricing in at the moment in the SP where coal generators are worth zero.