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GAS MONEY
Scott Morrison and
Angus Taylor will today confirm plans to build a 660 megawatt gas power plant at Kurri Kurri in the Hunter Valley through a $600 million equity investment via the publicly-owned Snowy Hydro Limited, news dutifully announced by
The Australian ($) as stepping in “to keep power prices down and the lights on”.
This is despite the Australian Energy Market Operator finding that the 2023 closure of Liddell’s coal-fired power station would create a maximum shortage of just 154 megawatts, and, as
Guardian Australiaexplains, that batteries, pumped hydro, or demand management would all be cheaper options than the Kurri Kurri project. ....

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Watts happening
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