14/10/2026
Australia is at a deeply serious crunch point for our electricity system. Three big coal stations (Yallourn, Eraring and Gladstone) are due to close within three years. They’re past their use-by date and unreliable.
The renewables needed to replace them are being built right now, but only if the coal closure dates are real. Every last-minute extension to a coal-fired power station puts investment at risk and delays wind and solar farms getting built.
That’s why we’re proposing that the Safeguard Mechanism is extended to electricity to ensure coal-fired power stations close when they say they will. If a coal power station says it will close in 2032, the market needs certainty that it will happen.
Australia is again entering a period of enormous growth in electricity demand. Renewables can meet this demand if we get the investment signals right.
Read our submission on the Safeguard Mechanism review https://cleanenergycouncil.org.au/news-resources/submission-safeguard-mechanism-review
Read the opinion piece: https://cleanenergycouncil.org.au/news-resources/op-ed-if-coal-won%E2%80%99t-quit,-it-should-pay