Victoria’s Yallourn coal power plant to close early as clean shift slashes prices

EnergyAustralia’s Yallourn coal-fired power plant in the Latrobe Valley.

The decision comes as a flood of new renewable energy has been driving down daytime power prices and piling enormous pressure on Australia’s fleet of ageing coal-fired power plants, which are far more expensive to operate and, increasingly, struggling to compete.

Victoria’s Yallourn coal power plant to close early as clean shift slashes prices