Renewable energy is increasingly the main game in Australia's electricity system, so why are governments stepping in to prop up ageing coal-fired plants?
abc.net.au/news/why-taxpayers-are-paying-to-keep-coal-plants-online/102778072Deep in the pages of Origin Energy's latest annual report is a number that seems surprisingly good.
Revenue at Eraring, like so many other generators across Australia's biggest electricity market, has been soaring thanks to record wholesale power prices. While Eraring may look profitable, he says, it struggles to make a buck in an environment increasingly dominated by green energy."This isn't about making a shedload of money. It's about Origin not losing a lot of money and not being held responsible for running the biggest coal-fired power plant in Australia."According to Mr Buckley, Eraring, more than any other coal plant, is being buffeted by the winds of change sweeping through Australia's electricity system.
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