Environment group Friends of the Earth say there’s no need for Alcoa to be granted a license to generate electricity at their Anglesea coal power plant. Rather, the plant that came online in the 1960s should be retired—delivering public health and climate change benefits for Victorians.
The current state of the energy market makes the retirement of the coal power plant possible. There’s now an oversupply of fossil fuel generators in the energy system.
The oversupply is due to decreasing electricity demand from increased energy efficiency, and renewable energy sources such as rooftop solar and wind farms coming online.
In its application, Alcoa says the impacts of not granting the license on electricity prices and reliability must be considered. Removing 150 megawatts of polluting coal power is really a drop in the ocean in terms of power prices. The impact of rejecting Alcoa’s generation license on electricity prices would be virtually undetectable.
Retiring the Alcoa…
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