Corporate welfare may keep the lights on. But backing Eraring power station will have other costs for the NSW government | Peter Hannam

Propping up Australia's largest coal-fired power station could deter investments in renewable energy or batteries. And might other operators now coming begging?Get our morning and afternoon news emails, free app or daily news podcastThe New South Wales government has bought itself an insurance policy worth as much as $450m to keep open a power station it couldn't afford to have exit the grid.But operating the 2880-megawatt Eraring plant up to four years beyond its scheduled August 2025 closure date will cost more than just the price of corporate welfare - there's also the environmental and economic impacts to quantify. Continue reading...