AGL, which owns Loy Yang A and its adjacent coal mine, shocked the markets this month with a $2.7 billion writedown, blamed in part on falling wholesale electricity prices.
Schneider Electric energy markets director Lisa Zembrodt said coal generation operations were being squeezed on both the supply and demand sides.
“Coal is going to continue to face pressure,” Ms Zembrodt said.
“On the supply side, they’re being squeezed out by the growth in renewable capacity and output.
“Demand is declining as people put solar … on their roofs, and larger end users get smarter in the way they consume or perform energy efficiency projects.”
Ms Zembrodt also said the carbon intensity of the brown coal used by the Latrobe Valley…