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Energy

Australian power companies speed closure of coal-fired plants

Doubts grow over security of country's power supply

Loy Yang coal fired power station, operated by AGL Energy, in the state of Victoria. Australia relies on coal for more than half of its power generation.   © Reuters

SYDNEY -- Australian energy companies are accelerating their plans to shut coal-fired power plants, raising concerns among policymakers about possible disruptions to the country's power supply.

These moves may help Australia achieve its goal of carbon neutrality by 2050, but the federal government is alarmed by the trend, which it fears could raise energy prices and threaten supplies.

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