described the move as an unnecessary and expensive market intervention. They denied Mr Taylor’s claim of looming supply shortfalls and said the use of public funds would discourage private investment in new energy generation assets.
“The decision to proceed with the Hunter Power Project was supported by a strong business case,” Mr Broad said. Australian Energy Market Operator chief system design officer said additional dispatchable capacity was a welcome addition to the market, but his agency didn’t take a position on what type of generation, either gas power or batteries primed by renewables, was preferable.“If you expect higher gas prices in the future and a decline of battery costs, really the future is predominantly dominated by batteries,” Dr Wonhas said in May.
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micksfoley What is there to 'wrap' when there's no business case for it? 🙄