Yesterday (Wed 18th Oct 2023) Origin Energy held its Annual General Meeting, with discussion wide-ranging. Here’s two things that jumped out to me about the Eraring Power Station, which is currently slated to close in 2025.
Eraring power station
The results of the recent MTPASA (Medium-Term Projected Assessment of System Adequacy), published on 17 October 2023, led a declaration of low reserve conditions in Market Notice 110284.
A quick note about Eraring Power Station, with the NSW state budget released today (Tue 19th Sept 2023).
Yesterday, the NSW Government released both the Marsden Jacobs report (NSW Electricity Supply and Reliability Check Up) and the Government’s Response.
The 2023 ESOO contains some some reporting (and data) about one particular contingency plan … delaying retirement of existing thermal generators (with Eraring a case in point).
Also in the past week, news media (claiming to have sighted some of the ‘Electricity Supply and Reliability Check Up’ from MJA with respect to Eraring Power Station) report the potential extension of service.
Friday 14th July 2023 sees some media articles and commentary about several coal-fired generators running longer than previously thought, as the energy transition hits some speed bumps.
Drawing from GenInsights Quarterly Update for Q4 2022, and the next version of our ez2view software, we take a look at the *current* expectations for closure of Liddell Power Station (within weeks) and Eraring Power Station (in 2025). A segue into this week’s update to the ESOO, perhaps?
One other thing noticed this morning was the scheduled drop in coal availability in spring 2025 (not just because of Eraring’s scheduled closure).
A question on Twitter from Benny Beatts (about dispatch of Origin’s Eraring unit 2 on Monday 30th May) illustrates why price setting is not as simple as adding up bids that are dispatched.
As a real time reminder of the energy transition challenges, the trip of Origin’s Eraring unit 2 was a significant driver of the price spike in NSW to $15,100/MWh on Tuesday 21st February 2022.
As a first article on WattClarity following Origin’s ‘Notice of Closure’ announcement about the future of Eraring Power Station, here’s some statistical data (from the upcoming GSD2021) to help with the broader conversation.
On Thursday 30th July 2021 Origin Energy announced a large impairment on several different types of assets – its own generation portfolio, renewable PPAs, and gas purchase contracts. However the focus in the media sometimes did not include all three…
A quick look at a spike in NSW price this afternoon above $3,000/MWh due to a number of different factors … including a trip of unit 3 at Eraring coal-fired power station.