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Beware the knock-on effect of ‘sensible’ decisions like Eraring

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Extending Eraring Power Station’s useful life was a victory for common sense, but it is not without consequence for those we’re relying on to rebuild Australia’s electricity market.

Ross Rolfe, an energy sector stalwart who runs Iberdrola Australia, one of the big renewables developers the country needs to hit its 82 per cent renewables target, gave us a first-hand account of the dilemma at The Australian Financial Review ESG summit on Wednesday.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/beware-the-knock-on-effect-of-sensible-decisions-like-eraring-20240605-p5jjfg