Households won’t pay more for their power bills under changes being considered by the federal government, the energy minister claims. Angus Taylor is considering changing how the energy system works so that dispatchable power stations like coal and gas are paid for being available. It would see the east coast market follow what occurs in Western Australia. “We only pay for energy, we don’t pay for availability—dispatchability—being a generator that can flick on as soon as it’s needed,” Mr Taylor told The Australian on Friday. “But we have to strengthen those signals to the market, to investors, that we want this dispatchable generation to balance the solar and wind going in.” It’s about giving the industry certainty so they keep power stations open and invest in new ones. “It’s very important we see retention of our dispatchable generation where it makes sense to do so, including coal,” the minister said. …
Power Giants Could Pay Coal Stations to Open Under Proposed Changes by Energy Minister
April 29, 2021
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