The coal-fired power generators are the cause of the crisis. 30% of the coal power generation is out of action at present due to lack of maintenance by the owners, for example, AGL - yes, our company!
This is causing increased demand for gas for peaking generators which of course only come in when the price is sky high. Hence high electricity prices.
This situation is largely due to lack of an energy policy by the federal government for the last ten years which left companies uncertain which direction they should go. They are not going to invest millions in maintaining something that could become obsolete tomorrow and that investment goes down the drain.
Get ready for a landslide of sentiment change and intra-party propaganda, page-3
Add AGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.49 |
Change
0.030(0.29%) |
Mkt cap ! $7.057B | |||
| Open | High | Low | Value | Volume |
| $10.45 | $10.53 | $10.42 | $10.15M | 968.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1526 | $10.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.50 | 35027 | 9 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$10.48 |
Change
0.030 ( 0.37 %) |
||||
| Open | High | Low | Volume | ||
| $10.42 | $10.53 | $10.42 | 1599001 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| AGL (ASX) Chart |