Workers at Engie’s Hazelwood Power Station were today called to a meeting to be advised of the closure of the plant in March 2017.
Hazelwood has been producing low cost baseload for more than 50 years in Victoria.
The brown coal power station has been producing approximately 20% of Victoria’s energy demand and has helped make Victoria the cheapest state in the national electricity market for wholesale electricity. This is no longer the case with both Queensland and New South Wales now cheaper in Q217 and Q317.
While the largest increases have been evident for Victoria, there has also been an impact on prices in New South Wales and Queensland. Most of the...