The NSW government should put the foot down on the most successful part of the energy transition to keep any prolonging of the coal-fired power station to a minimum.
looks all but a fait accompli now, but that shouldn’t be the end of the matter. Negotiations to extend Eraring open up a range of unintended consequences.
Another is moral hazard – the bad example subsidising Eraring sets for other coal power station owners. Warwick Johnston, managing director of Sunwiz, a consultancy, applies game theory to the scene: if the NSW government gives in, developers of large renewables projects that the state needs to replace Eraring’s 2880-megawatt output will be discouraged, and coal plants will need to be kept open longer.
In other words, there’s a lot going on in the grid and the Liddell effect may be less than stated – another good reason for any Eraring extension to be as limited as possible. They include: backing with front-loaded finance and accelerated planning approvals 1200MW of utility scale renewables and 1200MW of distributed renewables each year until 2030; accelerating the rollout of rooftop solar and batteries in public housing and schools across NSW; accelerating the frequency and ambition of Renewable Energy Zones auctions; cajoling NSW transmission and distribution companies to use tech company Neara toBuckley says the federal government should get behind all of the...
Ironically though, rebates under the Small-scale Renewable Energy Scheme are about to be cut, under a timetable set years ago.
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