Origin has agreed to extend operations at Eraring to August 19, 2027.
A deal between Origin Energy and the NSW Government will delay the closure of Australia's largest coal-fired power station by two years.
"We believe this agreement strikes the right balance, with an extension to operations enabling Eraring to continue supporting the security of electricity supply in New South Wales through the energy transition, while making compensation available to Origin in the event economic conditions for the plant are challenging," Origin CEO Frank Calabria said.
The electricity company and government say the operations remain consistent with meeting Origins 2023 emissions reduction targets and the long-term goal of net zero emissions by 2050.
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