As news of the deal to prolong the life of the Eraring power station broke,state governments lined up to oppose nuclear energy.
Premier Chris Minns made a stunning admission when announcing he would keep the Eraring coal-fired power station open but the people of NSW hd no idea doomsday was so close.
The deal struck with Origin Energy is far more palatable than most expected. But it is not without risk.
Australia’s largest coal-fired power station will continue operating for another three years.
A lofty warehouse west of London might offer a glimpse of the future of our home energy.
Australian power giant Origin’s stake in Britain’s Octopus Energy has gained hundreds of millions of dollars in value after the fast-growing UK company secured new backing.
Origin Energy and the NSW government are in detailed talks over the future of Eraring,the largest Australian coal-fired power plant.
Rate-sensitive sectors including consumer stocks dragged the local sharemarket lower,despite a US equities rebound overnight following its steep sell-off.
East coast gas producers will avoid facing unprecedented orders to break export contracts and redirect supplies to Australian buyers this winter.
The energy industry is warning greater co-ordination is needed to ensure new supplies are built in time for more coal-fired power plant closures.
The Minns government has so far not disclosed the terms of its negotiations with Origin Energy ahead of a likely extension beyond 2025.