The recent results from market heavies provide some insights into the massive cost – to customers – of the incumbents holding onto their market share.
AGL will spend more than $200 million and create 90 jobs during work to upgrade and maintain the coal- fired Bayswater Power Station in Muswellbrook, a key part of our NSW Generation Plan.
Results from Australia’s biggest coal generator, AGL, shows how coal and gas companies have profited from the surge in electricity and gas prices.
AER report finds generators jacked up energy prices 100-fold, even when there was more than enough capacity. But don’t expect regulators to do anything about it.
AGL’s plans for Liddell are vague and lacking, most likely because the company is waiting to see what the Coalition aims to do with Snowy Hydro.
AGL confirms plans to invest in 1.6GW of wind and solar, plus storage and other technologies, to replace the ageing coal clunker, Liddell, which it will close in 2022, much to the annoyance of the federal Coalition.
Given the safety risks and a huge number of other problems that need to be repaired and managed, it is no wonder that AGL is keen to shut down Liddell.
AGL outlines plans to install 250MW of battery storage at Liddell, and to invest in Bayswater upgrade, new gas generators, demand response, and huge amount of wind and solar to replace Liddell.
A new ReachTEL poll, commissioned by The Australia Institute’s Climate and Energy Program, asked residents of the electorates of Hunter and Shortland about energy policy, including government investment in coal, renewables and the Liddell coal power station.
The proposed closure date for AGL’s ancient and unreliable coal power station, is five years and probably two elections away.
The kindest thing to say about Turnbull’s absurd proposal to extend the life of the country’s oldest coal generator is that he is playing politics. There is no other reason to ask AGL to stick a bandaid on an increasingly unreliable coal generator on the basis it will lead to increased security and lower prices.
