Brookfield and Cannon-Brookes have yet to explain how AGL’s leap from carbon to clean power will be accomplished. Just blame the political class for creating such a wild west of an electricity market.
I suspect big energy consumers such as the Hunter’s Tomago Aluminium don’t give two hoots about who owns AGL’s coal-fired generation assets. That’s also true of household consumers. They do, though, care about electricity prices and supply reliability.
The issue for these industrial and residential consumers therefore is whether Brookfield and Mike Cannon-Brookes can provide them with any more comfort than AGL. Unfortunately, the answer may yet be no.
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Joel Fitzgibbon is chair of the Australian Forest Products Association.
