The world is taking notice of the disruption in electricity, but ‘you can’t just turn everything off tomorrow – it’d be a disaster’, Schott says.The $8bn dollar takeover bid for AGL Energy is a sign the “world is waking up” to the rapid shifts in electricity generation and demand with the surprise only in its timing, Kerry Schott, the former chair of Australia’s Energy Security Board, has said.The 185-year-old energy firm on Monday rejected the unsolicited bid by Australian technology billionaire Mike Cannon-Brookes and Canadian asset manager Brookfield as it “materially undervalues the company”.The bidders say they would shut AGL’s coal-fired power plants by 2035. AGL, which plans to close its Liddell plant by April 2023, said earlier this month it would expedite the demise of its Bayswater plant to no later than 2033 and Loy Yang A by 2045.Schott, who headed the national coordinating energy group until last October, said the bidders’ plans merely aligned the timetable to the<\/p>\n","protected":false},"excerpt":{"rendered":"
The $8bn dollar takeover bid for AGL Energy is a sign the “world is waking up” to the rapid shifts in electricity generation and demand with the surprise only in<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[27,39,44],"class_list":["post-215461","post","type-post","status-publish","format-standard","hentry","category-news","tag-economy","tag-energy-industry","tag-industry"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/215461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=215461"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/215461\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=215461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=215461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=215461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}