Vesey's renewable push seems to have been an unmitigated...

Vesey's renewable push seems to have been an unmitigated disaster given South Australia. However, as always, AGL will outsurvive the Vesey/ Maycock waste of money into renewables as IFN's demise will be good for AGL as I think energy stability across Australia and AEMO's regulated markets will come out of the South Australian disaster.

Renewable energy was always unstable, infrequent, intermittent and excessively costly energy. On 7/7, $9000 per megawatt hour charged for wind energy in South Australia. Now a blackout for just a 1 in 50 year storm.

Oil, electricity and gas are stable, frequent and constant. Wind Energy is obviously a lot of wind, intermittent, unstable and infrequent.

I am surprised banks funded renewable companies such as IFN as it was totally debt laden and the debt would have exhausted the company's value prior to tonight in any event IMHO but pls DYOR. Who will pay $9000 per megawatt hour when the wind stops?

With people stuck in lifts, a major city blacked out, oil, gas and electric are IMHO Australia's future and it is good that AGL is the downstream oligopoly retailer as part of that mix.