Australia’s power industry has hit out at the Morrison government’s plan for a taxpayer-funded gas-fired generator, describing it as an unnecessary market intervention that risks derailing vital future investments needed to transition the energy grid.
The Australian Energy Council, representing the nation’s big power suppliers including AGL, Origin and EnergyAustralia, on Wednesday immediately warned that the rising tide of government intervention in the market was deterring the very private investment Mr Taylor says is needed. She cited recent interventions including a NSW government energy plan to bring on more renewables, and its funding support for EnergyAustralia’s Tallawarra gas plant, which is now set to contribute 316 megawatts of dispatchable capacity by the Summer of 2023.It was “still not clear” why an additional 1000 megawatts of capacity was needed to compensate for the closure of Liddell, Ms McNamara said, adding: “The market operator’s analysis does not support that assertion.
“This is a good day for jobs. It will create jobs during construction of course and ongoing jobs but importantly the jobs of all of those workers who rely on affordable, reliable energy for their living, for their businesses.” Labor climate change and energy spokesman Chris Bowen said he supported gas as a back-up for renewables, but the Kurri Kurri project “isn’t justified by the economics”.
NickToscano1 micksfoley p_hannam Lower prices with expensive gas ... which world are these ppl living in?
NickToscano1 micksfoley p_hannam It’s called base load security, Rag. Someone should stone you with 50 mm hail to show the vulnerability of renewables.
NickToscano1 micksfoley p_hannam Here we go again!
NickToscano1 micksfoley p_hannam At last well done to the Morris gov looking out for the majority not the loonie left minority
NickToscano1 micksfoley p_hannam Good decision. Now remove subsidies. (Alan Moran)
NickToscano1 micksfoley p_hannam ...that feeling when every decision you make is a bad one! LNP decision making seems stuck in an endless cycle of inept / corrupt / morally bankrupt.
NickToscano1 micksfoley p_hannam We need a new Government urgently
NickToscano1 micksfoley p_hannam More Taxpayers money for Morrison’s wealthy mates
NickToscano1 micksfoley p_hannam “Silly” is very polite....I can think of a few other adjectives
NickToscano1 micksfoley p_hannam Take it to an election I say..
NickToscano1 micksfoley p_hannam Farrkwits .... 🇦🇺💩🇦🇺
NickToscano1 micksfoley p_hannam By now decent Australians especially in private sector should realise we have a useless quick draw McGraw PM and dysfunctional cabinet unable to execute any major issues except harm national interest ,a pariah internationally Do not donate money to this dysfunctional Lib party
NickToscano1 micksfoley p_hannam Let the suckers come forward and invest. Say good buy to small profits from super and welcome the big money gains from gas utilities.
NickToscano1 micksfoley p_hannam Mates getting rich
NickToscano1 micksfoley p_hannam It's the Blockbuster of Energy plans!
NickToscano1 micksfoley p_hannam There’s no stopping the PM of Innovation and Technology Advancement.
NickToscano1 micksfoley p_hannam Greasing corporate mates hands more like