The State Government says the situation highlights to need for greater emphasis on renewables, as aging coal fired power stations continue to fail, with Energy Minister Lily D'Ambrosio, saying that aging power stations remain a challenge.
"The reliability of existing plants which are still in operation, continues to be the single largest challenge, not just for Victoria, but certainly for other states including NSW" said Ms D'Ambrosio.
Last year and for the very first time Victoria was a net importer of electricity, which eventuated in load shedding occurring across the State and to a number of businesses and households.
Member for Morwell Russel Northe says it should be concerning for all Victorians and a wake-up call for the Andrews State Government.
“The State Government were warned that should Hazelwood Power Station close prematurely then we would be faced with significant job losses, higher electricity prices and threat to security to supply” said Mr Northe.
According to Mr Northe, many believe that a modern High Efficiency Low Emission power station should have been planned for, and ready to replace some of the generation capacity of Hazelwood Power Station and eventually Yallourn Power Station when it closes.
“The reality of this whole debacle is that failed Government policy has led to the loss of hundreds of jobs in the Latrobe Valley, electricity prices increasing markedly, security of supply continually under threat, businesses being paid tens of millions of dollars to shut down their operations at peak times, households and businesses having their electricity taken offline at peak times and diesel generators having to be installed as a back-up” Mr Northe said.