Victoria Tag

15 Dec AGL considering Loy Yang A shutdown in response to industrial action

Update 16/12/2016: According to the Australian Financial Review (AFR) The Construction, Forestry, Mining and Energy Union (CFMEU) has backed down on its threats of industrial action at AGL Energy's Loy Yang power station, putting an end to a whirlwind eight hours that saw AGL responding with an indefinite shut down and the Victorian government intervening to avert significant damage to the state's energy supplies. An ongoing dispute regarding pay and conditions at the Loy Yang A power station in Victoria could result in industrial action and subsequent employer action at the facility. AGL’s negotiation with the CFMEU over an 18 month period has failed to yield an agreement to suit all parties. This led...

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03 Nov Markets move again on Hazelwood closure

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...

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