NSW taxpayers will not spend a single dollar extending the operation of the Eraring power station.<\/p>\n\n\n\n
Despite Coalition claims that keeping the privatised power station running would cost taxpayers $3 billion, its operator has confirmed it will not seek public support through an underwriting arrangement struck nearly two years ago.<\/p>\n\n\n\n
That means not a single taxpayer dollar will be spent and the lights will stay on.<\/p>\n\n\n\n
Such an agreement would not have been necessary if the Coalition hadn\u2019t sold Eraring in 2013.<\/p>\n\n\n\n
The NSW Government secured an agreement with Origin Energy in 2024 to underwrite Eraring until August 2027, to ensure energy reliability and avoid price spikes for households and businesses.<\/p>\n\n\n\n
Last month, Origin notified the NSW Government, the Australian Stock Exchange and the Australian Energy Market Operator it plans to operate Eraring until April 2029.<\/p>\n\n\n\n
This decision was independent of the existing underwriting agreement and does not lock the NSW Government into any further commitment.<\/p>\n\n\n\n
Current energy security projections show NSW is expected to have sufficient energy supply by Eraring\u2019s anticipated closure in 2029, thanks to new renewable generation and storage coming online.<\/p>\n\n\n\n
Minister for Energy Penny Sharpe said:<\/strong><\/p>\n\n\n\n “This decision by Origin shows the NSW Labor Government made the right call and the right deal when it comes to Eraring.<\/p>\n\n\n\n “NSW families won’t pay a single dollar for this agreement, which has helped keep the lights on as we deliver renewable energy needed to replace NSW’s privatised coal fired power stations.”<\/p>\n\n\n\n Treasurer Daniel Mookhey said:<\/strong><\/p>\n\n\n\n \u201cThis deal kept Eraring open, delivered energy security and didn\u2019t cost taxpayers a cent.<\/p>\n\n\n\n \u201cIt has turned out not to be the horror show the Coalition wildly predicted, as they claimed keeping Eraring open would cost taxpayers billions.<\/p>\n\n\n\n \u201cWe will stay engaged with the owners of the privatised station as we get on with the job of delivering clean and reliable power at the lowest possible cost.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" NSW taxpayers will not spend a single dollar extending the operation of the Eraring power station. Despite Coalition claims that keeping the privatised power station running would cost taxpayers $3 billion, its operator has confirmed it will not seek public support through an underwriting arrangement struck nearly two years ago. That means not a single … Continue reading “Power agreement delivers for NSW taxpayers”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37270","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=37270"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37270\/revisions"}],"predecessor-version":[{"id":37271,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37270\/revisions\/37271"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=37270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=37270"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=37270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}