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AAP
AAP
Politics
Luke Costin

Powering on: Eraring extension benefits outweigh costs

Eraring New South Wales Origin Penny Sharpe
Eraring power station at Lake Macquarie was granted a lifeline by the NSW government in May. (HANDOUT/GREENPEACE)

Wholesale energy prices could be reduced by billions of dollars under a controversial plan to keep Australia's largest coal-fired power station operating until 2027.

NSW government-commissioned modelling to be published on Tuesday shows delaying the closure of Eraring will slash wholesale prices by up to a third in the first year.

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