AGL should concern itself with security of supply. BHP's Olympic Dam is out, Arrium funded by the Federal Government is out with molten steel cooling. Companies such as AGL, ORG, APA and STO will make an absolute motza out of this as the blackout looks likely to have been easily avoided had a disaster recovery plan or backup plan been in place which did not RELY on renewables filling the void.
If Port Augusta was still on line, if there was a better energy mix not reliant on the Victorian interconnector and renewables to fill any void like what happened this week, would the blackout have still happened?
Barrie Cassidy (worked for Robert James Lee Hawke once upon a time) will no doubt be carrying on about how the SA blackout was due to a weather event (as if weather is a new phenomena), attack the Federal Minister for Energy, Prime Minister, carry on about how renewables targets are a must (and so forth) admonishing climate deniers and carrying on about a rush to judgement when in fact he is already rushing to a judgement when saying it has nothing to do with renewables.
Then Barrie may deny the problems with energy security created by renewables when the evidence points in the opposite direction.
It will matter zip. The Federal Government will ensure the States make energy security their top priority. This is great news for companies that reliably supply such as AGL, ORG, APA and STO IMHO but pls DYOR.
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