Origin Energy has allocated $240 million in remediation costs for the Eraring coal-fired power station, but the NSW government may also have to pay some compensation.
Under a complex deal struck when the NSW government sold the Eraring, Bayswater, Liddell and Vales Point power stations in 2012 and 2013, the state was deemed to be responsible for the cost of cleaning up contamination caused in the decades it owned the relevant power station, while the new owner was responsible for anything after they took control.Each power station had its own arrangements for the decommissioning costs including Eraring, which was bought by Origin Energy in 2013.
“If unplanned, this exit would pose substantial risk to consumers as there would be little time for the market to respond.”& But an AEMO spokesman on Friday said this year’s ESOO would consider possible impacts of the Eraring closure on the reliability standard. NSW Treasurer Matt Kean said a 700 megawatt big battery would help fill the gap from the closure of the Eraring power station.NSW Treasurer Matt Kean said he was confident there would be enough new generation, including the state’s own 700 megawatt battery, to help cover for the loss of Eraring.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live: NSW Now: Paramedic strike action could cause ambulance disruption, NSW Ambulance warnsMORNING BRIEFING: Paramedics call for 1,500 extra on road staff and a wage increase and strike for 24 hours but NSW Ambulance says it has plans in place to minimise disruption.
Read more »
WHO's warning as NSW and Victoria announce raft of restriction changesThe World Health Organisation has issued a warning to countries removing COVID19 restrictions. 9News
Read more »
Morrison gives 10-day ultimatum to NSW Liberals or face federal takeoverIt is the first step towards allowing the Prime Minister and the federal party to install preferred candidates and sitting members in key seats ahead of the election.
Read more »
Victoria and NSW ease Covid restrictions but indoor mask mandates remain for nowWorkers encouraged to return to the office and dancing at nightclubs is back as the two states continue to re-open
Read more »
Omicron interrupts the jobs recovery in NSWThe NSW unemployment rate fell quickly after the Delta lockdowns. The arrival of Omicron put an end to that improvement, at least temporarily.
Read more »