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AGL chief economist Tim Nelson on what to do with Liddell
In the eye of the storm over energy policy is Liddell, an ageing coal-fired power station owned by energy giant AGL.
Prime Minister Malcolm Turnbull has twisted the arm of AGL chief executive Andy Vesey to take to the company’s board the proposition that it should extend the plant’s life beyond its scheduled 2022 closure, or alternatively sell it to an operator that would carry it on.
AGL chief economist Tim Nelson says the company is running the rule over both options but he argues preserving the power station may not be the best solution. “The decision is not just economic, it is also also…
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