Origin has notified the NSW Government, the Australian Stock Exchange and the Australian Energy Market Operator that it will operate Eraring Power Station until April 2029.
Origin’s decision gives certainty to workers, the market and energy consumers across the state, as well as contributing to NSW’s 2030 emissions reduction target.
My number one job is keeping the lights on and putting downward pressure on power prices. NSW is making real progress replacing ageing coal-fired power stations. Since the election, we have increased the amount of renewable energy capacity in operation by almost 70%. That’s equivalent to Eraring’s capacity.
Current energy security projections show NSW is expected to have sufficient energy supply when Eraring closes in 2029, thanks to new renewable generation and storage coming online.
The agreement reached with Origin in 2024 gets the balance right and has so far not cost NSW taxpayers a single dollar.