Origin Energy announced today that it will be closing Australia's largest power plant (which is also Australia's largest coal-fired power plant) in mid-2025 instead of 2032. The power plant has a nameplate capacity of 2880 megawatts and produces nearly 20 million tonnes of greenhouse pollution into the atmosphere every year.
From the
Australian Financial Review:
Chief executive Frank Calabria said Origin’s proposed complete exit from coal-fired power generation “reflects the continuing, rapid transition of the NEM as we move to cleaner sources of energy”.
“Australia’s energy market today is very different to the one when Eraring was brought online in the early 1980s, and the reality is the economics of coal-fired power stations are being put under increasing, unsustainable pressure by cleaner and lower cost generation, including solar, wind and batteries,” Mr Calabria said.
[...]
The news on Eraring comes after the Australian Energy Market Operator has warned of the likely accelerated closure of baseload coal power plants, which are becoming increasingly uneconomic with the rise of cheap renewable power.
Origin’s rival
AGL Energy last week also brought forward the dates for its two largest coal plants to close, although it still is assuming its Loy Yang A plant in Victoria will run until 2045.
The decision is clearly based on cold-nosed economic considerations. Despite
massive fossil fuel subsidies, underpinned by
our current Prime Minister's fervent and decades long support, coal-fired power plants keep losing commercial viability.
"...the economics of coal-fired power stations are being put under increasing, unsustainable pressure by cleaner and lower cost generation, including solar, wind and batteries,” Mr Calabria said.
But mostly including cheap gas from fracking, he very carefully, and extremely dishonestly, didn't say.
As I said, people love wind and solar and even batteries (despite their being three orders of magnitude too small to do any good; Hugely expensive; And rather dangerous and polluting).
Whenever anyone wants to greenwash their transition from coal to gas, from mining to fracking, and from cheap to expensive electricity, they trot out vague claims that the new system will "include" wind and solar.
It's hype. Marketing. A scam. A big lie, concealed in weasel words like "including".
The only important measure is carbon dioxide (and equivalent greenhouse gas) emissions from the entire system.
We need to dramatically lower that. But people don't even talk about it.
Taking away 20 million tonnes per year of carbon dioxide emissions is great - but nobody's owning up to the emissions they are replacing them with.
It's all hype and spin. It's great for giving the appearance of action. But it achieves very little - and nowhere near what could be achieved with a much smaller investment in nuclear power plants. Ask the French.
Everyone needs to be much more France, and much less Germany.