12 March, 2019

Big power companies snub government underwriting for new coal plants

The nation's largest electricity companies have snubbed calls for them to use the government's power subsidy scheme to build new coal-fired power stations.
Despite pressure from elements of the government,
few generators are using the proposed power subsidy
scheme to build new coal-fired power plants.
Federal Energy Minister Angus Taylor has said 10 of the 66 submissions to the scheme, that will subsidise new energy plants, involved coal-fired generation.


But several major companies told the Sydney Morning Herald and The Age that they have either not applied to the scheme or had focussed their proposals on renewable energy.


Read the story from The Age by Cole Latimer - “Big power companies snub government underwriting for new coal plants.”

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