Money Labor hedges on coal-fired power station

12:11  10 september  2017
12:11  10 september  2017 Source:   MSN

Energy policy: power companies could remotely turn down your appliances in exchange for cash

  Energy policy: power companies could remotely turn down your appliances in exchange for cash Experts say so-called "demand management" could deliver far more capacity than the Turnbull government's proposed $2 billion Snowy Hydro expansion. © Provided by Sydney Morning Herald Under a draft plan released by the Australian Energy Regulator, power companies would encourage consumers to reduce their electricity use during peak times. Chief Scientist Alan Finkel's review of the national electricity market said "more attention should be paid" to how consumers were rewarded for managing their power demand.

Bill Shorten says Labor won't rule out supporting extending the life of a NSW coal - fired power station but it does not amount to an energy plan. Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg will meet with executives from AGL

Bill Shorten says Labor won't rule out supporting extending the life of a NSW coal - fired power station , despite comparing it to a 50-year-old car. Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg will meet with executives from AGL

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Bill Shorten says Labor won't rule out supporting extending the life of a NSW coal - fired power station but it does not amount to an energy plan. Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg will meet with executives from AGL

A fossil fuel power station is a power station which burns fossil fuel such as coal , natural gas, or petroleum to produce electricity. Central station fossil fuel power plants are designed on a large scale for continuous operation. In many countries, such plants provide most of the electrical energy used.

Bill Shorten says Labor won't rule out supporting extending the life of a NSW coal-fired power station, despite comparing it to a 50-year-old car.

Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg will meet with executives from AGL - owner of the Liddell power station in the Hunter Valley - in Canberra on Monday to discuss keeping the plant open beyond its scheduled 2022 shutdown.

A new report says eastern states risk blackouts if 1000 megawatts can't be found to fill the gap in electricity demand as old coal-fired power is shut down.

Labor says the government needs to think beyond a plan for Liddell and quickly adopt a clean energy target, as recommended by Chief Scientist Alan Finkel, to give investors long-term certainty.

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Coal fired power plants , while producing power , require a lot of water and produce a lot of pollutants like ash and CO2. Learn how the process works as well as interesting facts about generating electricity from coal.

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"With the Liddell power station, it's 50 years old. What car do (people) drive that is 50 years old?" Mr Shorten told reporters in Melbourne on Friday.

"If something can be done, which is commercial, Labor is not going to immediately rule that out.

"But ... I hope (Mr Turnbull's) got a little bit more than just that plan."

Opposition Leader, Australian Labor Party Bill Shorten speaks with the media. © Lisa Maree Williams/Getty Images Opposition Leader, Australian Labor Party Bill Shorten speaks with the media. The lack of a clear set of rules was discouraging investors in energy generation, pushing up prices and making the system less reliable, Mr Shorten said.

Mr Turnbull said keeping Liddell open for up to five years was an obvious solution, but not the only one.

"That's one option, there will no doubt be others," he told reporters in Samoa, where he was attending the Pacific Islands Forum.

NSW power station operator Delta Electricity had indicated interest in Liddell, and the prime minister imagined other energy companies would also examine it.

AGL considers extra life for coal plant

  AGL considers extra life for coal plant Energy giant AGL will consider keeping a coal-fired power station open for an extra five years but sees no future in such technology.Malcolm Turnbull has extracted a promise from energy giant AGL's boss to take to the board a proposal keep the Liddell coal-fired power station running for an extra five years beyond its shutdown date.

Coal Power Station in Jepara. Existing coal - fired power plants in Indonesia cause an estimated 6,500 premature deaths every year. Each large new power plant (1000 MW capacity) is expected to result, on average, in the death of 600 Indonesians every year.

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Labor climate spokesman Mark Butler said he did not accept the premise there would be a shortfall in electricity generation.

"We don't have a problem with old plants closing, the problem is that we don't have a plan to replace them and I know that if we put a clean energy target in place ... we would see substantial investment flow," he said.

The Australian Greens oppose lengthening Liddell's life, and are instead calling for the orderly retirement of coal-fired power stations.

The Greens say supply issues can be addressed by boosting dispatchable renewable power, improving storage such as batteries and better managing demand.

Treasurer Scott Morrison said it was important to keep Liddell and other coal-fired power stations open.

"(Mr Shorten) needs to be straight with particularly the many, many Labor Party supporters who have relied on the Labor Party up there in the Hunter Valley for their jobs and they're walking away from them," he told reporters in Sydney.

"They've put up the white flag on coal-fired power in the Hunter Valley and they're selling them out."

Liddell power station on 'sliding scale to oblivion', AGL general manager says .
The general manager of AGL, which runs the Liddell power station, says it can find better places to invest time, money and resources than Australia's oldest coal-fired power station."The failures become more regular, the weak points larger and more numerous. So, yes, we are fighting a losing battle.

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