Victoria used to be an energy powerhouse with the Latrobe Valley’s natural resources and energy generators helping to deliver surplus electricity for the National Electricity Market.
But the recent premature closure of the Hazelwood Power Station wiped out 25% of Victoria’s energy capacity.
Since Hazelwood’s closure wholesale power prices in Victoria have already jumped a reported 20%.
In addition, Victoria is now reliant on importing electricity from New South Wales to meet peak demand.
Retrofitting existing power stations in the Latrobe Valley with carbon capture and storage (CCS) technology would extend the life of generators while reducing emissions.
Further premature closures to pander to green activist groups will only drive power prices up for families and businesses and result in damaging summer blackouts.
The average annual electricity bill for a Victorian family.
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