, assessed how the electricity market would be affected by the shutting of the ailing AGL coal-fired power plant in the Hunter Valley.
"The Liddell Taskforce found that the market has not adjusted since AGL first announced their plans for Liddell and history shows that it has market forces that prevent it from adjusting," said a spokesman for Angus Taylor, the federal Energy and Emissions Reduction Minister. It noted that a range of committed projects, including those by AGL to add capacity such as giant batteries "would be more than sufficient to maintain a high level of reliability as Liddell exits", the report found.
"What we can say is that the electricity forward markets are not expecting the prices that this report alludes to," Dr Mountain said. They suggest that no new capacity is required for NSW to meet the reliability standard until 2029-30 when the next coal plant, Vales Point, is due to exit, Dr McConnell.
Source: News Formal (newsformal.com)
p_hannam Hmmmmm?.....so business that makes more money while spending less (making less) on production will start to introduce more to lower the price just Because!?!?
p_hannam The Liddell Taskforce study, obtained by The Age and The Sydney Morning Herald [[after being leaked by Taylor to prop up his wobbly claims]]
p_hannam Our 'Energy Market' is run by Clowns, the old 'Brown Cardigan' mentality. Primate, burn something, boil water and spin a motor! AND wires on poles in the trees! Just stupid! auspol
p_hannam 25%, even in the short term, sounds like a significant impost on NSW families.
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Closing Liddell power plant to have only short-term effects: reportClosing Liddell power station would lift NSW wholesale power prices by more than a quarter but the effects would decline as more capacity entered the market, according to a leaked report. media push to close down last cheap reliable base load power for industry. . while China & India get free pass
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We will build it if you don't: Federal Government preparing to build a gas plant in Hunter ValleyWith the coal-fired Liddell Power Station in the Hunter Valley due to shut down in 2023, the Federal Government is worried there will not be enough dispatchable power, given the sector's focus on building wind and solar farms. What was NEG supposed to achieve again? Why doesn't the ABC do an investigation into exactly why the station is being shut down? especially given the fact there is nothing wrong with it and money can be made of taxpayer funds to make alleged renewables?
Source: abcnews - 🏆 5. / 83 Read more »
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Source: abcnews - 🏆 5. / 83 Read more »