Four huge coal power stations in Victoria and NSW will have to run for up to five years longer than envisaged as under-pressure governments act to prevent spikes in electricity prices that would further drive up the cost of living.
The analysis from JPMorgan, focused on over nine gigawatts of coal-fired capacity owned by AGL Energy, Origin Energy and EnergyAustralia, comes amid growing concerns over how reliable and affordable electricity will be in coming years as the rollout of renewables stutters and demand from the rapid expansion of data centres ramps up.
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