Generator outages extend market nerves

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Generator outages extend market nerves
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Gas and coal power outages have been advised by EnergyAustralia this week, keeping the National Electricity Market on edge.

EnergyAustralia has advised of outages over the next few days at one coal power station and one gas power generator, underlining the fragility of the National Electricity MarketManaging director Mark Collette said the company has advised the Australian Energy Market Operator that one unit at its Yallourn plant in Victoria – where another unit is already offline – will close for maintenance within the next 24 hours.

Mr Collette said EnergyAustralia’s other gas generators at Jeeralang, Tallawarra and Newport remained available to supply while the Yallourn unit was off for maintenance. He noted that the company’s gas plants have been generating seven times more than the same time last year, while gas prices have quadrupled to $40 a gigajoule.

Meanwhile, Norway’s Hoegh LNG has revealed that Squadron’s Australian Industrial Energy subsidiary has signed up to a flexible contract to use the Hoegh Galleon floating LNG import terminal, with a start date between 2023 and 2025. The uncertain start date comes as Squadron continues to seek enough customers to justify the development.

Ms Hanly said one of her priorities when she starts as CEO on July 4 was talks with the federal and NSW governments to discuss actions that could move the terminal project forward.

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