Aussie energy suicide takes another turn

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The question is, how long will it last this time?

The imminent shutdown of the power station that provides more than 10 per cent of NSW’s electricity may drive up power prices and trigger more frequent squeezes on supply as coal closures accelerate.

When AGL Energy pulls the plug at Unit 4 at its Liddell generator in the Hunter Valley on Wednesday, it will kick off a 10-day process for the shutdown of a power station that has been – as of Monday – eight years in the making.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.