AGL agrees to keep Victoria’s Loy Yang A power station available until mid-2035

The Loy Yang power station could stay open until mid-2035 under a transition agreement between AGL and the Victorian government. Photograph: Asanka Ratnayake/Getty Images

Australia’s Loy Yang A power station will remain available to operate until mid-2035 under an agreement signed between its owner AGL Energy and the Victorian government aimed at providing certainty to workers, the community and industry.

In a separate development, EnergyAustralia said it would shift its Mount Piper coal-fired power plant – New South Wales’s newest – to a “reserve role” to be used “only as needed” before its scheduled 2040 closure date.