A declining demand bombshell for wind power

The drop-off in demand has hurt coal generators, but AGL suggests it’s wind’s problem too. A government buyout to close a generator could help, but the price tag is high.

The decline in electricity demand over the last few years has left the incumbent energy supply industry shell-shocked. Consequently it has been incredibly hostile to the Renewable Energy Target adding extra supply that will leave wholesale electricity prices further depressed.

But Tim Nelson from AGL Energy dropped a bit of a bombshell at the Clean Energy Week conference, suggesting that this oversupply of capacity meant bad news for the renewables sector too. 

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