AGL continues to push for Liddell closure

April 13, 2018

AGL Energy boss Andy Vesey says his company has not questioned its decision to shut down the Liddell coal-fired power station in New South Wales despite mounting attacks from the federal government urging a reversal of the move.

The Australian newspaper reports, Treasurer Scott Morrison on Tuesday urged AGL to consider an offer from Alinta Energy to buy the Liddell power station, which is expected to close in 2022, echoing Prime Minister Malcolm Turnbull who wants Liddell to stay open until 2025, when Snowy Hydro 2.0 is online, to ensure there is no gap in power availability.

Australian Conservatives leader Cory Bernardi has told Paul Murray Live on Sky News, although Mr Vesey says the AGL Board hasn't been swayed by criticism from the Prime Minister for insisting on closing the facility, he's convinced that is not the end of the matter.

To read the full article by Simone ZiaZiaris, click here.

Meantime Federal Energy Minister Josh Frydenberg has been criticised for saying that power prices could come down this year.

Speaking in Canberra this week Mr Frydenberg said, "I've made it very clear to the CEO's that with that decline in the forward curve for wholesale prices and what we've seen in the gas market as well we would expect that to be passed on to consumers... but certainly we are expecting to see power prices come down."

Senator Bernardi has told Paul Murray Live on Sky News he thinks it's a dangerous prediction because the electricity suppliers will simply continue gaming the system to the detriment of consumers.

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