CEOs back capacity market, but divided on coal

, industry CEOs say, but they are divided on whether coal generation should be included.

Several of Australia’s largest coal-powered generators are scheduled to run at reduced capacity throughout much of winter, straining the country’s energy market. The Energy Security Board last year proposed the capacity mechanism as part of its proposed post-2025 redesign of the National Electricity Market, but several state governments have voiced opposition to the plan.

The capacity mechanism is described as technology-neutral, but it could prop up the economics of coal power plants in the future depending on its design. Coal is being supported by surging wholesale electricity prices, but a flood of new renewable generation could again lead to lower prices that would see the fossil fuel struggle to compete with renewables.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy companies urged to find more gas for Australia as Labor mulls supply ‘trigger’ to ease price surgeResources minister signals ‘very positive’ talks with gas corporations and suggested managing coal supply could relieve market pressures Pipeline from WA .
Source: GuardianAus - 🏆 1. / 98 Read more »

Australia’s used car market is in overdrive as dealers chase customers to buy back vehiclesSupply chain issues cause unprecedented demand and wait times for used cars pushing dealers to contact private sellers directly RoyceRk2 We have been waiting over a year for a Kia!
Source: GuardianAus - 🏆 1. / 98 Read more »

Santos CEO backs ‘smart’ investment incentive in UK windfall planKevin Gallagher believes the UK’s levy on oil and gas profits could spur additional supplies of much-needed fossil fuels.
Source: FinancialReview - 🏆 2. / 90 Read more »

Gold Coast 'red hot' property market shows signs of switching to buyers' marketReal estate agents on the Gold Coast notice a cooling of the market, compared to how it was during the pandemic.
Source: abcnews - 🏆 5. / 83 Read more »