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…
-
Noosa News23 hours agoMajor crash on Gateway Motorway snarls morning commute
-
Noosa News19 hours agoDriver arrested after life-threatening hit-and-run on outskirts of Ipswich, Queensland
-
Business21 hours agoThis ASX 200 mining stock is eyeing the lithium throne
-
Noosa News21 hours ago150 jobs in doubt as Bega winds down peanut processing plants in Queensland