AGL, Origin and EnergyAustralia’s 'shame' of self-interest

By Tristan Edis

The big three energy retailers – AGL, Origin Energy and Energy Australia – as well as power retailer Simply Energy and its power generator owner, GDF Suez, are being targeted by a shame campaign from a combination of environmental advocacy groups because of their attempts to have the Renewable Energy Target reduced.

Energy market modelling by engineering firm Jacobs-SKM illustrates that the ‘Dirty Three’ plus Simply Energy’s GDF Suez would see a multi-billion pay-off if they can manage to persuade the government to reduce the large-scale RET from 41,000 gigawatt-hours of energy down to 27,000 GWh (what has been termed a 'real 20 per cent' renewable energy market share target).

Greenpeace and the Total Environment Centre are taking a mass-market approach of communicating direct to the general public about who’s naughty and nice in the power sector in terms of their investment and lobbying position on renewable energy.

AGL manages to separate itself several rungs down the naughty list yet, in the end, Greenpeace has chosen to lump it in with EnergyAustralia and Origin, labeling them as the 'Dirty Three' in the report it has released documenting these companies’ track record on renewable energy.

In terms of who’s naughty, Simply Energy heads the list – owned by GDF Suez, which also owns Hazelwood and Loy Yang B brown coal fired power stations.

Read more here: Business Spectator

    

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