After spending more than 3 years reviewing operating conditions for coal power plants, Victoria’s Environment Protection Authority (EPA) is finally done – and its decisions have been found lacking.
The licence review involved Victoria’s three brown coal-fired clunkers: Yallourn, Loy Yang A and Loy Yang B. The process also included public consultation, which resulted in 493 submissions from the community.
Recent analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) and Green Energy Markets indicates Yallourn W could be under significant financial stress by 2025 due to the huge amount of wind and solar energy supply expected to be added to the National Electricity Market (NEM) over the next few years. Yallourn W is currently scheduled to commencing closing in 2029, with completion in 2032.