Breakdowns at AGL coal power stations have deepened the immediate energy crisis, while likely delays at Snowy 2.0 have darkened the longer-term outlook.
Sudden breakdowns at AGL Energy’s biggest power station in NSW have combined with delays to repairs at its Victorian generator to intensify the energy crisis gripping the eastern states and narrow the reserves of supply in the system just as winter hits its straps.worsen the shortage of power generating capacity
In Queensland, a cap on wholesale prices is thought to be close to being imposed after a sustained run of extreme high prices, which included record winter demand reached on Thursday evening. Queensland is “well on the way towards” a level that would trigger the so-called “cumulative price threshold”, which would be the first time a controlled price cap has been used in the state, Paul McArdle at industry specialist Global-ROAM said.
On Friday it advised of an extension of the outage at its 2210MW Loy Yang A coal power plant in Victoria of at least six weeks, pushing its return date to the second half of September. Slow progress in building the transmission lines needed to allow power from the complex project to flow to markets to the north and south reinforces the problem.
relied heavily on the 2000MW Snowy 2.0 being available for NSW through the HumeLink transmission line in 2026-27. Prime Minister Anthony Albanese meanwhile slammed the former Coalition government’s handling of Snowy 2.0, declaring it an example of how they were “always about the announcement, never about the delivery”.
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