Australia: Q4 saw an increase in coal-fired generation volumes

Q4 2023 saw an increase in coal-fired generation volumes offered to the spot market. Despite the closure of Liddell in late April 2023, an additional 1,382 MW was offered below $100/MWh. Government policies capping domestic thermal coal prices and improved coal supply conditions collectively contributed to an overall decrease in marginal cost of coal-fired generators, resulting in more volume offered to the market at lower price ranges.
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