Follow the money….to AGL

How does this make for cheaper power prices? AGL triples profit after Hazelwood closes.

On the lighter side: Vigilante cows.

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26 Responses to Follow the money….to AGL

  1. John Brumble

    No, Biota. AGL are simply acting against the backdrop that successive governments have created. In doing so, they’ve returned money to shareholders. It isn’t AGL’s job to give you cheap energy; that would usually be a product of a functioning free market. The market has failed to do so because of massive levels of government interference.

    Blaming AGL just encourages more regulation.. which will always, always make the punter worse off in the long run.

  2. None

    AGL was a shitty company at the best of times, now shittier still.

  3. Pugilist

    They’re green profits, so all good. No doubt Electricity Bill will give them company tax cuts

  4. John Brumble

    So is what you’re saying, None, that they’ve lost their social licence to operate? Because it sure sounds very similar to that old left-ist cop-out.

  5. RobK

    AGL is doing what it should. The rules are wrong.

  6. 2dogs

    AGL has learnt how to make money off government stupidity on energy policy.

    The sillier it gets, the more money they make.

    As sure a bet as death or taxes.

  7. stackja

    Gas light came from coal. Gas was stored in gasometers. Then natural gas came. AGL is profiting from the AGW scam.

  8. Boambee John

    The left usually gets all upset about private companies making massive profits at the expense of the wukkas and the poor. Strangely, there seem to be no screams of outrage over this matter.

  9. Rafe Champion

    That is because renewables are cheaper and also save the planet!:)
    That must be true because the ABC and The Conversation said so.

  10. RobK

    That must be true because the ABC and The Conversation said so.
    There is a con-sensus.

  11. BoyfromTottenham

    And the Queensland government is making big bucks by selling about a fifth of its coal-fired electricity production to the southern states at high prices, but you won’t hear a peep about this in the msm, or from the government itself. Talk about laughing all the way to the bank. It will probably make even under the NEG.

  12. billie

    AGL, our very own Enron

    ha ha ha ha .. the old Enron boys and girls must be shaking their heads and wondering why didn’t they just all move down here where behaviour like theirs is perfectly ok

  13. W Hogg

    Even the leftist meeja that BEGGED AGL to close their coal plants and massively drive up the price of power are now outraged because they made $1bn. I don’t recall any whining when al-Gore made $1bn off the same scam.

  14. Nob

    The cow thing is usually because they associate humans with feeding, distributing hay etc.

    Not so much “attacking” the human but trying to beat the other cows to the food.

    Normally would only attack if it was a mother defending her calf.

  15. 2dogs

    Gas light came from coal. Gas was stored in gasometers. Then natural gas came. AGL is profiting from the AGW scam.

    Stop gaslighting me.

  16. H B Bear

    When you make more profit by not producing electricity than by producing it.

    Welcome to Veneztralia.

  17. Iampeter

    John Brumble is spot on in this thread. Blaming private enterprise for the consequences of rights violating laws is the kind of leftist thinking that prevents conservatives from making any positive difference in politics.

  18. Rossini

    AGL is just doing what a “rational” energy supplier would do. Thanks Stupid.Forken.Malcoon

  19. Dr Faustus

    AGL’s Tyrannosaurus business behaviour is the logical and entirely predictable outcome of 25 years of government failure in energy policy.

    Certainly not an agile and disruptive Dr Evil. AGL is a slow-moving, rather dim corporate beast – with a rentier business culture based on its historic quasi-monopoly position in energy markets. It just happens to have had policy-break after policy-break gifted to it by government and quango dim bulbs.

    But nothing that an embedded Social Licence Compliance Officer couldn’t fix.

  20. Rafe Champion

    Yes Nob they were curious and also having fun.
    But dont get between cow and calf!

  21. Rayvic

    It shows how dysfunctional governments can be and how gullible voters can be when policy is based on political correctness.

  22. No, Biota. AGL are simply acting against the backdrop that successive governments have created. In doing so, they’ve returned money to shareholders.

    Er, John, they have connections to the ALP. It’s cronyism, at best.

  23. John Brumble

    Err, Beer, that’s not AGL’s fault.

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