The states, including NSW and Victoria, were also prioritising new grid connections that would allow them to expand renewables and meet their carbon emission reduction goals, which are more ambitious than the Morrison government’s, Schott said.Īnalysts and some within AGL see access to the company’s 4.5 million customers across the country as a key motivation for any would-be suitor. It was also Labor’s “stated policy” to do even more to fund new transmission should it win this year’s elections. Photograph: Bloomberg/Getty ImagesĬommonwealth-owned Snowy Hydro was one way the federal government could support the transition, as well as the funding it was giving to aid new transmission lines to allow more renewables on to the grid, she said. AGL has said it plans to bring forward the closure of its Bayswater coal-fired power plant to no later than 2033 and Loy Yang A by 2045.
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