Australia’s big electricity generators are feeling the squeeze of electricity demand falling in recent years and growing competition from renewable energy.
This year, some environmentalists criticised the federal government for scrapping the “contracts for closure” negotiations, which would have made the federal government compensate operators to close up to 2000 megawatts of coal-fired power stations. However, more than 2000 megawatts of coal power plant has now been closed or “mothballed” across the country without paying the contracts for closure.