Australia's largest coal-fired power plant Eraring in Lake Macquarie to stay open for two extra years

The Eraring coal power station in Lake Macquarie will remain open until August 2027.The state government has agreed to pay Origin up to $450 million over two years if the plant runs at a loss.will remain open for an additional two years beyond its original 2025 closure date in a deal between Origin and the NSW state government.

Analysis from the Australian Energy Market Operator found without Eraring, the state would face energy reliability issues from 2025. The company would have until March each year to decide if they will opt-in to the agreement for the following financial year. "Delaying the closure of Eraring not only jeopardises our renewable energy goals but also undermines efforts to combat climate change and secure a sustainable energy future," she said.Greens spokesperson for Energy and Treasury Abigail Boyd said the government was "dragging its feet" on the transition to clean energy.

"Our members have continually told me over the years that if that power station comes offline at this point in time that there is a threat that there could be blackouts in New South Wales," Northern District Mining President Robin Williams told ABC Radio Newcastle.

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