Business
Why the Hunter Valley gas plant is bad policy – The Australian Financial Review
The Kurri Kurri gas fired power station will neither cut power prices nor add useful capacity. But it will push energy investment risk back onto the taxpayer, writes…
Significantly, the two main market bodies, the Australian Energy Market Operator and the Energy Security Board, have cast doubts upon or explicitly argued against investment by government, through Snowy Hydro, in this plant.
Apart from a new gas fuel plant committed to by EnergyAustralia, there are several large batteries currently being planned, plus the NSW legislation under which the state will underwrite 2000MW of storage capacity.
Its hard to see how the $600 million plant (very likely to cost…
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