Australia desperately needs reliable baseload power
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Victoria’s power grid is on heightened alert after an unexpected outage at the state’s second-largest coal-fired power station, which has elevated concerns that colder weather could strain the market and drive up wholesale electricity prices:
EnergyAustralia, which owns the Yallourn power station in the Latrobe Valley, has confirmed one of the plant’s four units is down and will remain offline for at least two weeks after a maintenance mishap that resulted in an air duct collapsing inside the facility.
The mechanical failure occurred in the early hours of Sunday while Unit 3 was undergoing scheduled maintenance…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.