Renewable energy, improved management of consumer demand and upgrades to existing power plants will help meet the 1,000 MW shortfall in capacity when the Liddell coal power station closes, said Australian Energy Market Operator CEO Audrey Zibelman. The government has also committed $900 million over four years for a new national energy guarantee that would provide an extra A$17 billion ($17.8 billion) per year through 2025 if renewable sources are The current five-year notice period until the coal plant closes is long enough to develop reliability mechanisms, such as auctions, to bridge the power gap, Zibelman said.
Renewable energy, improved management of consumer demand and upgrades to existing power plants will help meet the 1,000 MW shortfall in capacity when the Liddell coal power station closes, said Australian Energy Market Operator CEO Audrey Zibelman. Although Australian Prime Minister Malcolm Turnbull is pressuring Liddell's operator, AGL, to keep the power station open for five more years, the company has no plans to do so. The current five-year notice period until the coal plant closes is long enough to develop reliability mechanisms, such as auctions, to bridge the power gap, Zibelman said.