Buying utility stocks with a yield is absolutely a way of subsidising your energy costs... especially if you are a renter, unit/apartment dweller or simply do not have a suitable roof orientation to utilise solar on your home.
Following this logic it would also be advisable to hold shares in the transmission providers too - as this has been the "gold plating" cause for price increases over the last 5-8 years...
An alternative approach would be to constantly cycle your capital into the most efficient technology in order to reduce your resource consumption... this time you should own shares in goods retailers, battery manufacturers etc
Either way... the milking will still occur.
State subsidies for solar installations were initally priced very favourably - and now provide a very visable impact on the daily spot market... it is good they are now being wound back / expiring... but there are definitely areas in QLD where the local (state owned) energy operators will not allow rooftop solar to export at all into the local market due to "network strengths"...
AGL obviously need to accelerate their avenues of renewable generation to compensate for loss of coal generators as they retire... I for one would love to see an increase in their investment in pumped hydro, wind and battery - or ideally - investments with a combination of the three.
AGL Price at posting:
$16.82 Sentiment: Hold Disclosure: Held
(20min delay)