Good morning. The Energy Security Board is suggesting fossil fuel-powered power plants should be paid to keep operating while Australia decarbonises. And Donald Trump’s chances of being prosecuted over his role in the effort to overturn Joe Biden’s election appear to have increased in the face of growing evidence.
Coal- and gas-fired power plants could be kept in business to bolster the stability of the main electricity grid, a high-level design paper released by the Energy Security Board suggests. It also backs payments for not just supplying power but also retaining the capacity to do so, as one of the most viable options to reform the faltering energy market after 2025. The proposal is likely to intensify the debate over whether a capacity market is needed – and how much it will cost consumers, who will ultimately pick up the tab.
