Victoria joins NSW in rejecting a proposal to pay coal and gas generators to delay their closure, a plan being embraced by Angus Taylor.
Victoria’s rejection of the proposed capacity market suggests it might be time to wind up the ESB and let the states focus on new market mechanisms.
ESB chief Kerry Schott plays down concerns around proposed ‘capacity mechanism’ telling forum its not designed to keep coal operating.
We need arrangements that incentivise highly flexible and responsive generation to support the desired level of reliability in a renewables future.
Angus Taylor’s claims of a $1.3 billion saving from a capacity market for fossil fuel generators are based on a model that doesn’t exist.
‘Whether Canberra likes it or not, we’ve got to crack on with it’, Kean signals states could leave Morrison government behind in transition to clean energy.
If energy and climate policy could be decided by slogans and newspaper headlines, then federal energy minister Angus Taylor would have an easy job.
Refocusing attention on transmission and distribution of electricity will bring better results than payments to ageing and unreliable fossil fuel generators.
Independent advice to ESB warned against capacity mechanism championed by Angus Taylor, and which may pay coal plants to do things they can’t do.
Angus Taylor’s main goal when he became energy minister was to stop wind and solar in their tracks. He may finally be succeeding.