Agreement Secures Transition For Loy Yang A
newscatcher
2023-08-21 02:40
Agreement Secures Transition For Loy Yang A
The Andrews Labor Government is providing certainty on the future of the Loy Yang A power station, delivering energy security and supporting workers as Victoria transitions to more affordable and reliable renewable energy. Minister for Energy and Resources Lily D'Ambrosio today announced a Structured Transition Agreement with AGL that will ensure a firm 12-year notice period for the workforce, community and energy market - with confidence the power station will remain available until 2035. This binding agreement avoids uncertainty where the changing plans of power companies can deter new renewable generation entering the market, increasing electricity prices to customers.

https://www.miragenews.com/agreement-secures-transition-for-loy-yang-a-1068727/

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