The Loy Yang Power Station in Victoria’s Latrobe Valley will close in 2035; a decade earlier than previously planned.– will be consigned to history.
AGL has vowed to commit $20 billion to build 12 gigawatts of new firming capacity, while the Palaszczuk government now needs to commit“The biggest challenge now is getting all this stuff built,” Wood toldThe Australian Energy Market Operator has already warned about theIn its integrated system plan, it outlined $12.
“This decision is in the best interest of our company, having listened to our shareholders ... and it’s the right thing to do,” she told investors. AER chairwoman Clare Savage points out it will be lower socio-economic households, such as those that can’t afford rooftop solar to help take the edge off skyrocketing power bills, who will suffer the most.
When you are a monopoly provider in certain regions it is not a hard decision to change technologies. You just pass on the extra costs to your customers. If you had to compete for customers it would be a different story.
Are you following news from Europe? 🙄
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Don’t do it’: Nigel Farage warns of dangers of net zeroBrexit Party leader Nigel Farage says Germans are “really waking up” to the reality of what net zero means for energy – and the United Kingdom is too. “They’re beginning to wonder why they didn’t listen to Donald Trump when he warned them at the UN,” he told Sky News host Paul Murray. “They laughed at him – well, they’re not laughing now.” Mr Farage said for Australia to reach the net zero by 2050 target, it would have to become an “energy importer” and export all mining and energy facilities, manufacturing and jobs elsewhere. “I may be wrong but I don’t think in Australia you’ve had a proper debate about what net zero really means,” he said. “Look at what it’s doing to us, we’re facing the prospect of the lights going out in February – don’t do it.” So, the bloke who fucked the UK up now wants to do it to the rest of the world. Go figure. mahsaamini
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Why Australia's biggest carbon emitter AGL is accelerating its exit from coalAGL has announced it will shut down of all of its coal-fired power plants by 2035 in response to customer, shareholder, and government pressure. Australia is screwed. Unreliable energy managed by incompetent corrupt governments. You forgot to mention that Brookes is one of Australias largest investors in solar farms. By forcing the closure of the plant he stands take make a fortune. I would feel more comfortable if they said they were shutting down bcz Australia’s renewables will be ready to our needs (hint: we won’t) rather than because of pressure.
Source: SBSNews - 🏆 3. / 89 Read more »
AGL expected to close Loy Yang power station a decade earlyThe likely early closure of two major coal-fired power plants in Victoria and NSW signals the rapidly decreasing economic viability of Australia’s ageing and polluting coal fleet. perkinsmiki micksfoley 🤬🤬🤬🤬 perkinsmiki micksfoley Who needs cheap reliable power anyway. perkinsmiki micksfoley Climate deniers gonna be mad about this.
Source: theage - 🏆 8. / 77 Read more »
AGL expected to close Loy Yang power station a decade earlyThe likely early closure of two major coal-fired power plants in Victoria and NSW signals the rapidly decreasing economic viability of Australia’s ageing and polluting coal fleet. Good then people might wake up to reality of RE... You have been lied to? creating a non market was the free market at work
Source: smh - 🏆 6. / 80 Read more »
AGL puts $20bn price tag on early coal exitEnergy giant AGL says its needs $20 billion to expedite its move away from coal-fired power generation and achieve net-zero by 2035. | angusthomson_ and SimoneFoxKoob angusthomson_ SimoneFoxKoob I’m sure the taxpayer will foot the bill for them. Little Aussie battler Cannon Brookes won’t put his money on the line, just ours. angusthomson_ SimoneFoxKoob 😄😄😄 angusthomson_ SimoneFoxKoob The energy industry is just so damn broken. Any politician that says energy prices will get cheaper at any time during the next 30 years is a flat out liar.
Source: theage - 🏆 8. / 77 Read more »
AGL puts $20bn price tag on early coal exitAustralia’s biggest carbon emitter says its needs $20 billion to expedite its move away from coal-fired power generation by 2035. angusthomson_ SimoneFoxKoob Destroying Australia's energy security is economic vandalism.
Source: smh - 🏆 6. / 80 Read more »