The NSW Government released its budget today, and so I was wondering if it contained anything about negotiations about the possible extension of Eraring Power Station…
I’ve not had any time to read the details (a quick search reveals 2 references to Eraring, but both of these refer to considerations relating to the earlier sale process from several years ago). However I note that Alexi Demetriadi did write ‘No Eraring extension money in budget as NSW Treasurer targets bill relief, renewables’ in the Australian:
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients.
Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.
It was no surprise at all to open the AFR and see 4 different analysts quoted in voicing their concerns about the unrealistic notion that Eraring can close in 2027 … or perhaps even in 2029:
Given the significance of the event (Reserve Trader almost triggered on Thursday 16th March – 34 days till the closure of Liddell Unit 4) we’re investing some time in exploring more detail of the event. This is Part 1.
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