Firstly, Liddell is currently very profitable. While the policy manifesto of the group queries why the government does not commit to a new coal-fired power station, dubbed Hazelwood 2. The time will probably come when he returns to the US. Shareholders would rightly be livid if a number of large customers were lost to a competitor. Alinta would need to pay silly money with government support? Before the taxi dies, a sensible fleet owner will order a new one, but only a fool would sell the old taxi before its replacement arrives. That when confronted by bullies, he blinked? While all generators are enjoying the boom-time, Liddell has a huge cost advantage over its competitors — when the NSW government sold its generation assets in , AGL essentially received the plant for free. The Coalition plan to extend the life of the coal power plant beyond its slated closure in was revealed after the emergence on Tuesday of a lobby group of 20 Coalition MPs who call themselves the Monash Group who are calling for more support for coal power.
While the policy manifesto of the group queries why the government does not commit to a new coal-fired power station, dubbed Hazelwood 2. Market value of Liddell's energy Liddell is riding the high prices and has doubled long-term revenues. Alinta would need to pay silly money with government support? No formal offer has been received. In a statement on Tuesday AGL said it will consider a formal offer when it is made but cast doubt on the plan by noting it needs power from Liddell up until then plans to repurpose its components. As a politician, he should know that narratives matter. Firstly, Liddell is currently very profitable. That when confronted by bullies, he blinked? Former premier of NSW Mike Baird threw in a set of steak knives, metaphorically speaking — Liddell receives coal through to at around half the market price. Shareholders would rightly be livid if a number of large customers were lost to a competitor. What narrative will he want to take to his next role? AGL has so far resisted Turnbull government pressure to sell Liddell and plans to replace it with renewables, batteries, gas power, upgraded coal power and demand response. A true liberal government would leave it to the market. When a taxi gets old, it becomes expensive to run. While all generators are enjoying the boom-time, Liddell has a huge cost advantage over its competitors — when the NSW government sold its generation assets in , AGL essentially received the plant for free. Lastly, Frydenberg, by all accounts a fine tennis player, has made two unforced errors. There are four reasons why Liddell is almost certainly not for sale. Coalition backbenchers unite to lobby for coal under banner of Monash Forum Read more The former deputy prime minister Barnaby Joyce has confirmed he is a member of the group, the core of which is conservatives Craig Kelly, Tony Abbott, Eric Abetz and Kevin Andrews. Just as Engie did with Hazelwood and Alinta with Northern and Playford in South Australia, it makes economic sense to run these old clunkers into the ground. At their urging, Alinta Energy made a blustery, amorphous, non-binding expression of interest in acquiring Liddell. You don't have to be a climate science denier to join the Monash coal forum, but it helps Graham Readfearn Read more If Liddell survives until , it will be 50 years old. Secondly, AGL needs the energy. The time will probably come when he returns to the US. Before the taxi dies, a sensible fleet owner will order a new one, but only a fool would sell the old taxi before its replacement arrives. Alinta chief executive, Jeff Dimery, has suggested this objection could be overcome by offering to sell power back to AGL until that date. With record volumes of new wind and solar under construction, wholesale prices are widely expected to fall.
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