CEO Brett Redman highlighted AGL's intentions to move into broadband and other data services. Taskforce study does not back Scott Morrison’s claim that Liddell coal plant needs urgent replacing with 1,000 megawatts of new dispatchable electricity generation capacity, Wed 16 Sep 2020 10.02 BST “If the Commonwealth won’t get on board, NSW will consider going it alone,” Kean said. They suggest that no new capacity is required for NSW to meet the reliability standard until 2029-30 when the next coal plant, Vales Point, is due to exit, Dr McConnell. © 2020 Guardian News & Media Limited or its affiliated companies. A taskforce investigating the effects of shutting the Liddell power station has found the market has largely begun to prepare for its closure.Credit:Janie Barrett. The Liddell Power Station.Credit:Jonathan Carroll. Available for everyone, funded by readers. Despite AGL giving the market about seven years warning about its plans to close the 1680-megawatt Liddell plant, the study's modelling found wholesale prices in NSW would increase from the low $60 per megawatt-hour in 2022 to between $75 and $80 in 2023-24. Available for everyone, funded by readers. Two years later, however, AGL has provided formal notification to AEMO of its proposed timelines for the closure of both power stations, with the new scheduling seeing power stations retired later than AGL has indicated previously. “We remain in constructive dialogue with AGL about this, and this is a good short-term announcement,” he said. AGL is postponing the full closure of its coal-fired Liddell power station by a year, and also plans to keep its SA Torrens gas plant running for longer to support "system reliability" throughout the summer months. AGL announced in 2015 and reaffirmed in 2017 that it intends to close the Liddell Power Station in 2022. "Advice from TransGrid suggests there will be sufficient system strength to maintain a secure system when Liddell exits, under normal operations," it said. “AGL has today informed AEMO that the first unit at Liddell will close in April 2022. Closing Liddell power station would lift NSW wholesale power prices by more than a quarter but the effects would decline as more capacity entered the market, according to a leaked report. Energy Insiders Podcast: Coalition’s revenge on RET, Labor’s solar stumble, It's time for Victoria to right the solar ship – before it sinks. "AGL has today informed [the Australian Energy Market Operator] that the first unit at Liddell will close in April 2022," the company said in a statement to the sharemarket. However, engineering challenges, including sourcing spare parts for the fifty-year old equipment, turned out to be too costly to resolve. He stood firm on the timing of the shutdown of the Liddell coal power station in NSW, committing to the closure of the last three units at the end of the 2022-23 summer. Dylan McConnell from the University of Melbourne said the reliability concerns were "inconsistent with the latest [2020] electricity statement of opportunities from AEMO (Australian Energy Market Operator) released a month or so ago". The prime minister said the government would give the private sector until the end of April 2021 to reach final investment decisions on that amount of power, and would step in if others did not. “AGL is continuing to progress a series of power firming projects in NSW including the 100MW upgrade to the Bayswater power station, assessing the feasibility of 250MW of pumped hydro at Bells Mountain and seeking approvals for a 250MW gas power station at Newcastle,” the company said. ... AGL gave seven years notice of Liddell's closure back in April 2015. AGL Energy will be closing the Liddell coal-fired power station in 2022, resulting in a 1000MW shortfall of energy. A third unit will be closed in September 2021 and the final unit in September 2022,” its statement said. Louise Kennerley. “Just like the Government efforts to prolong the retirement age of Australians, AGL has been pressured to keep one of its oldest and most unreliable power plants operational for another year. Market Forces wants AGL to end the generation from coal power by 2030, two decades before it has committed to do so. and at the time reaffirmed its decision to close the plant, the Australian Energy Market Operator itself noted as much, describing them as more than enough to meet the potential shortfall created by the closure, Nearly 800 Tesla Powerwall 2 batteries clocked en route to Australia, South Australia boosts Home Battery Scheme, seeking bigger bang for buck, Sonnen to pay households with batteries to help stabilise the grid, Plugged In: Tesla update and discounts, latest Vfacts, Kona recall and more, South Australia to transition car fleet and boost charging network in big EV push, Bentley goes green and will make only all-electric vehicles from 2030. under pressure from the federal government. In a statement to the ASX, AGL said that it had extended the life the 2,000MW coal-fired Liddell Power Station – along with that of the Torrens A power station in South Australia – to “help the national energy market cope with the critical summer months.”. "But regardless of whatever one group may or may not think might be future market prices this does not affect what we know to be the least cost investments," he said. “But there is more to be done. Mr Hunt said the project was still going through the approvals process and AGL was yet to decide whether to proceed. AGL has an exciting plan to cover this missing amount by using a mix of solar power, wind power, pumped hydro, battery storage, and gas peaking plants over a three-stage period leading up to 2022. The Greens leader, Adam Bandt, said the report found a mix of renewable energy, storage and some gas, as proposed by the industry, was a cheaper option to replace Liddell than gas-fired electricity. While AGL has previously stuck by the original 2022 timeframe, Federal Energy Minister Angus Taylor had warned the company of an energy shortfall should the plant be decommissioned that soon. Thu 22 Mar 2018 13.00 EDT 17.21 EDT The Liddell power station in Muswellbrook, NSW, which is to close in 2022. It stressed the modelling of prices was indicative only, and not certain. It is consistent with Aemo last month finding only an additional 154MW would be needed in NSW by 2023 to meet the electricity grid’s strict “reliability standard”, and that well in excess of that amount of new power capacity had since been announced. He said investment in AGL's coal and gas plants is critical to ensure they remain reliable and keep electricity affordable, noting the company invested $1 billion in operating and capital expenditure in 2018-19 in its generating plants. He stopped short of claiming victory as counting continues, but exuded confidence he will win all-important Pennsylvania. The Liddell Taskforce study, obtained by The Age and The Sydney Morning Herald, assessed how the electricity market would be affected by the shutting of the ailing AGL coal-fired power plant in the Hunter Valley. If they want to attract tourists they may want to actually switch the old girl off first, you know, in case she kills the tourists. But it said it was seeking the permission of the South Australian government to continue to operate them over the coming summer. 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Earlier this week the NSW energy minister, Matt Kean, told the clean energy summit the state still supported the national energy guarantee, abandoned by the federal Coalition, and would contemplate unspecified unilateral action in the absence of a national policy. Coal fired power station closure the end of a polluting era Liddell Power Station in the NSW Hunter Valley and Torrens A near Adelaide are both at the end of their effective 50-year lives. Liddell power station is slated to close in 2023, leaving a hole in Australia’s power generation. "Replacing Liddell is the right decision to protect the reliability of our grid and the safety of the workers at Liddell," Mr Kean said. Shares in AGL were up 1 per cent at $18.98 just before midday.
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