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
Britain is on track to use more electricity from zero-carbon sources such as wind, solar and nuclear than from fossil fuel plants this year, the country’s National Grid said.
Key points:Last week Britain became the first G7 country to commit to net-zero commissions by 2050
The successful transition has been largely due to a huge increase in Britain’s wind power capacity
It plans to phase out all coal-fired power generation by 2025
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