Successive State Governments have privatised (sold) coal fired generators and their private owners are gradually phasing them out instead of refurbing them and building new ones to meet the increasing market demand for electricity.
Only Qld has retained its coal fired power stations and recent Qld Governments have shown no inclination to build new coal fired power stations.
So if a company was listed on the ASX whose chief mission was to build and operate coal fired generators, would you invest in it?
As a posted above, the recent growth of gas fired generators is merely an interim measure until such time that renewables can meet the generating deficit in the same way that hybrid cars are an interim measure until such time that BEVs are backed up by quick-charge networks and that their manufacture reaches an economy of scale to take purchase pricing down. China is working on that now.
So in summary, its silly to blame solar and wind for the current spike in electricity pricing. Electricity pricing has increased globally ; in recent tears due to the spike in the price of oil & gas due to the Ukraine War and over the longer term the Universal agreement to be net neutral (CO2) by 2050-60.
In the interim those who stubbornly hold on to their fuel guzzles will doubly pay: fuel pricing will skyrocket & the ass will fall out of the price of existing ICE vehicles (accelerated depreciation)
By the way both are happening now and, IMO, will accelerate between now and 2030.
So if you are buying a $130k V8 new Landcruiser, just be prepared to cop $30k P/A depreciation $600/week) over the next few years, IMO. And don't whinge.....governments have outlined CO2 minimisation plans for years .
