Tag #Agl

What are the immediate implications of AGL's decision to not extend the operation of its coal-fired power plants beyond 2035, and how will this affect the Australian energy market?

AGL, Australia's largest coal-fired electricity supplier, announced it will not extend the operation of its aging coal plants beyond 2035, clashing with the opposition's plan to replace them with nuclear power. This decision raises concerns about potential electricity price increases and more frequent outages during peak demand.