Gas boom may leave power stations ‘stranded’

Up to $4bn worth of gas-fired power stations are in danger of being mothballed as gas prices jump.

Up to $4 billion worth of gas-fired power stations are in danger of being “stranded” as gas prices explode and the renewable energy target pushes extra generation into a grid already oversupplied with excess power, a new report has found.

It says this could cause investors to slash maintenance spending on older generators, potentially threatening future power supplies.

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