The closure of Australia’s largest coal-fired power station has been postponed for two years.

A deal between Origin Energy and the NSW Government will delay the closure of Australia’s largest coal-fired power station, Eraring Power Station at Lake Macquarie, by two years. Originally set to close in 2025 as part of the state’s shift towards renewable energy, Eraring will now remain operational until August 19, 2027. Origin will provide Eraring employees with a transition support package, including career transition support, re-skilling, and redeployment where possible. Additionally, a $5 million fund has been established to support communities affected by the plant’s closure. During the extension period, Origin has committed to delivering six TWh of electricity and may receive compensation from the government if the plant incurs losses.