Australia’s troubled energy market has been thrown into fresh turmoil, with the country’s biggest electricity generator’s coal plants running at just over half of capacity and the country’s biggest storage project likely delayed until 2028.
AGL Energy has told the ASX that one of the four units at its 2,210MW Loy Yang A power plant in Victoria’s Latrobe valley would be offline until the second half of September, at least six weeks longer than previously forecast. The company had five of its 11 coal-fired power units offline as of Friday morning.
