Tag #Coal Power

What is the primary cause of recent power shortages and price spikes in Australia's electricity market, and what are the immediate consequences?

More than half of Australia's coal-fired power plants are over 40 years old, nearing the end of their operational lifespan and exhibiting declining reliability. This has led to increased power outages, which are the primary cause of power shortage warnings, especially during summer months, and significant price spikes. Coal plant outages in Victoria (2019), Queensland (2021), and NSW (2022) caused substantial price increases.