‘If ever there was a perfect case-study of the negative impacts on taxpayers of privatisation of strategic public assets, Eraring is it’, Tim Buckley says
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New South Wales may end up paying $150m a year to subsidise the extension of Australia’s biggest coal-fired power plant, money better spent accelerating the take-up of rooftop solar with storage, the energy analyst Tim Buckley has said.
It comes as the federal Labor government will on Thursday announce $1bn for solar panel manufacturing in Australia, with the prime minister, Anthony Albanese, travelling to the Hunter region to spruik the government’s new Net Zero Economy Authority.