1. Liddell to go
The die was cast at the AGL annual general meeting. Liddell will be closed and not sold.
- Mr Vesey spent the bulk of his address explaining how AGL would replace the capacity lost at Liddell, including new wind and solar farms, up to 750 megawatts of new gas-fired plants and a 100-megawatt upgrade to the more modern and larger Bayswater coal plant nearby. A 250 MW battery at Liddell and demand response will also come into play, he said.
Four and a half years ago, at the national conference of the AWU in 2013, general secretary Paul Howes
The Australia Institute has looked at the penetration of renewables required in the electricity market to meet our Paris commitments, and come to the conclusion that we need from 66 to 75% renewables by 2030, rather than the weak 26-28% currently being assumed in relation to the Finkel review.
While Malcolm Turnbull equivocates on a Clean Energy Target, he has called the electricity retailers to Canberra once again to jawbone them about electricity prices. Yet the industry keeps telling him the single factor most needed to bring electricity prices down is more investment in renewable energy, which would be facilitated by a Clean Energy Target (CET).