Origin Energy offered to sell Eraring power station to NSW government for $544m

A separate document estimated new renewable energy supplies backed by storage and other measures would be able to cover Eraring’s exit in 2025.A separate document estimated new renewable energy supplies backed by storage and other measures would be able to cover Eraring’s exit in 2025.

The company also discussed the state underwriting two of Eraring’s four units to run between 2025 and 2028 as an alternative plan. Part of that deal would have included the government subsidising a big battery on the plant’s lower Hunter Valley site for an estimated cost of “around $334m”, according to the March 2023 document prepared by the energy department.

A separate department document dated April 2023, one month after the state election delivered a change of government, estimated new renewable energy supplies backed by storage and other measures would be able to cover Eraring’s exit in 2025. “The question has to be asked why the government failed to deliver on time and on budget, and instead offered big corporate welfare to Origin

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