AGL 0.87% $11.66 agl energy limited.

why do you panic buying AGL, here is my point, page-25

  1. 2,663 Posts.
    lightbulb Created with Sketch. 25
    With power prices going negative, consumers are not seeing any relief from power companies pricing - so they install their own solar power and batteries.
    Looks like AGL had better make a decision soon ..

    https://www.copyright link/companies/energy/vic-power-unit-outages-leave-market-unfazed-20210118-p56uyh
    Vic power unit outages leave market unfazed (copyright link)
    "The record low for demand for grid power comes as Victorians are continuing to install rooftop solar panels at a rate of knots, with one in every five homes now sporting panels.
    That number is set to rise further with the state's latest incentives and rebates to get more households to switch to renewable power, Victoria's Minister for Energy and Solar Homes Lily D'Ambrosio said.In South Australia and Western Australia, record use of rooftop solar has fuelled worries about demand for centralised power dropping so low that it destabilises the grid.Industry sources said low demand didn't pose a threat to system security in Victoria this weekend, although the situation was being monitored within the Australia Energy Market Operator.
    Demand in Victoria was even lower on Christmas Day.The Australian Energy Market Operator said last May that by 2025 more than 50 per cent of the power demand in Victoria, NSW and Queensland could at times be supplied by rooftop solar panels, and as much as 85 per cent in South Australia. It has emphasised the importance of interconnectors between states and installing battery storage systems to help manage the grid as renewable energy generation grows."
 
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