Not just a ‘capacity’ mechanism but a major upscaling in domestic manufacturing is required to build the required clean energy capacity, investors say.
The PM has signalled additional cost of living relief as the global energy crisis hits Australia, with some households in NSW facing a 95 per cent rise in power bills.
Mike Cannon-Brookes’ firm is expected to tell AGL shareholders that coal power-focused Accel will have lower cash flows and dividends, and may be at risk of insolvency.