Queensland Energy Minister Dr Anthony Lynham was at Swanbank as the 15-year-old unit fully fired up after three years in cold storage.
“This will help ensure security of supply in Queensland and help reduce wholesale prices this summer,”? said Dr Lynham.
“Swanbank will pump out an extra 385 MW of power over the summer peak period to further ensure security of supply when demand is at its highest.
“With Wivenhoe Power Station increasing from 500 MW to 570 MW, and 140 MW of new renewable energy, Queensland will have more than enough capacity to meet this summer’s forecast peak demand.
“In addition, Stanwell has revised its bidding strategies during peak demand periods to better reflect the underlying costs of its power stations.
“This places further downward pressure on current and forward wholesale contract prices in Queensland.”?