Build it or you'll pay

HUNTER energy companies vying to build the next coal-fired base-load power station have warned electricity prices will skyrocket by $250 a year and supply come under threat, if the NSW Government delays making a decision on the future of electricity generation.
An inquiry on NSW electricity supply, led by energy economics professor Anthony Owen, will report to the Government on August 31 on the need for a new base-load power station.
A Macquarie Generation report said "initial planning to final commissioning" of a new base-load plant would take six to eight years.

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