Australia's electricity supply: Summer of doom portended

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Australia's electricity supply: Summer of doom portended

Postby Squire » 09 Jun 2019, 11:20

A large generator set is out of action until December and knowing how projects overrun in Australia it is likely to be longer.

The most serious aspect of this is that the power generation facilities at Loy Yang are relics and should have been replaced decades ago. What is more, most of the generators and electrical equipment in Loy Yang are relics.

The good news is that less coal is likely to be burned.

The bad news is that coal-fired power generators are low-cost energy providers and the source replacing them will be higher cost. Power prices will rise relentlessly.

UPDATE 1-Australia's AGL Energy flags 7-mth outage at Victoria power plant

June 7 (Reuters) - Australia’s top power producer AGL Energy Ltd said on Friday that a unit outage at its Loy Yang A power station in Victoria will likely extend to seven months and impact its fiscal 2020 earnings.

The company expects the extended outage to result in a potential reduction of A$60 million to A$100 million ($42 million to $70 million) in its 2020 underlying net profit, AGL said in a statement.

Coal-fired plants such as Loy Yang have struggled to keep up with power demand in Australia, especially in the midst of a recent heat wave in the country.

AGL had earlier underlined further costs to keep Loy Yang running, as it also faces governmental pressure to maintain electricity supply and keep spiking energy prices in check.

The company said the shut unit has been out of service since May 18 following an electrical short that damaged the generator. Following a technical assessment, the company now expects it may take until December to return the unit to operation.

AGL said the outage would not affect its earnings for the fiscal year to June 30, reiterating its underlying net profit guidance in a range of A$970 million to A$1.07 billion.
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Re: Australia's electricity supply: Summer of doom portended

Postby HBS Guy » 09 Jun 2019, 12:02

We should have started building a nuclear power plant 2-3 decades ago. The present shambles thinks the good lord will provide because they have not, in 12 years of Howard and 6 of the present shambles, provided a decent energy policy that would get bipartisan support and encourage investment! We have a fleet of old and aging coal fired power stations and nothing is being done to renew them or replace them with nuclear and/or RE. Pt Augusta and Hazelwood are two brown coal fired power stations that the private owners have closed. More will follow, Liddel for one in a year or two. What then?
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