On Monday, it was announced that Dennis Power plant in South Australia will close.
The announcement was made on a visit to the plant by the CEO of Entergy, the parent company of Dennis Power, Paul Williams.
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“As we have previously stated, the announcement was a shock to everyone at the Dennis Power site, including the workers,” Mr Williams said.
“The company is fully committed to working constructively with the Australian Government and has every intention of completing the closure as quickly as possible.”
The Australian Government will work with Dennis Power and other operators of the nuclear power system in South Africa to ensure that the facility is properly and safely decommissioned.
“Dennis Power plant will close, but the closure is not the end of the story.
In the last few years, the Australian energy sector has been a battleground for power prices, with high electricity prices and low supply making it difficult for consumers to afford energy.
The Australian Energy Market Operator (AEMO) said in a statement that it was disappointed with the decision.”
As part of our commitment to ensuring affordable energy supply, the AEMO is reviewing its supply and distribution arrangements to ensure the continued affordability of electricity,” AEMA chief executive officer Michael Baker said.
The AEMC has also said that there are several other sites in the South Australian electricity market where the electricity sector will have to pay higher rates in order to stay competitive.
However, with the shutdown of the Dennis power plant and the construction of the Hazelwood nuclear power station, it appears that the power sector is set to stay in the black for a while.
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