Renew-economy aims to de-bunk the Coalition and Media scare campaign over AGL's planned closure of Liddell Power Station.
Various points which stand out :
What was wrong about Liddell was selling it to AGL in the first
place. The ACCC said at the time it was a bad idea and it would reduce
competition and send prices up, and it tried to stop the transaction but
it was over-ruled by the courts. The geniuses in the NSW government effectively
gave Liddell to AGL for free as
part of its package with Bayswater. Great result: Give the plant away
for nothing and watch competition contract and prices go up.
So it was a "Game of Mates" giveaway.
Is AEMO suggesting we need a new coal-fired power station? No. and neither is anyone else outside the confines of the Liberal
National Party and the Minerals Council of Australia, and some right
wing commentators. So let’s move on.
But surely Liddell is cheap and reliable. What’s wrong with keeping it open? Because it is actually very old, very dirty and not very reliable. And as ITK analyst David Leitch points out,
quite costly too. It has barely run at more than half of its capacity
in recent years; has had frequent outages; and was unable to respond in
the middle of the NSW heatwave last summer. AGL says it is expensive to
maintain, and it is rapidly depleting its supply of cheap, subsidised
So Liddell power station is a heap of dirty coal-polluting junk which could break down anytime during the next summer heatwave.