Eraring Energy
| Company type | State-owned corporation |
|---|---|
| Industry | Electricity generation |
| Founded | 2000 |
| Fate | Acquired by Origin Energy in 2013 |
| Headquarters | Australia |
Area served | New South Wales, Australia |
| Products | Electricity generation (coal, wind, hydroelectric) |
| Owner | Government of New South Wales |
Eraring Energy was a State-owned corporation in Australia specializing in electricity generation, owned by the Government of New South Wales. Its asset base comprised power plants fueled by thermal coal, as well as facilities harnessing wind and hydroelectric energy. In 2013, the company was acquired by Origin Energy.
The establishment of Eraring Energy occurred in 2000, pursuant to the and the .
Generation portfolio
Eraring Energy held ownership and operational control over multiple power stations, producing electricity for sale under contractual agreements:
| Name | Fuel | Type | Location | Maximum Capacity (MW) |
Commissioned |
|---|---|---|---|---|---|
| Bendeela | Hydro | Turbopump | Kangaroo Valley | 80 | 1977 |
| Blayney | Wind | Wind turbines | Blayney | 10 | October 2000 |
| Burrinjuck | Hydro | Turbopump | near Yass | 28 | 1938, 1972, 2002 |
| Crookwell | Wind | Wind turbines | Crookwell | 5 | 1998 |
| Eraring | Coal | Steam turbines | Lake Macquarie | 2,780Template:Ref | 1982–1984 |
| Hume | Hydro | Turbopump | near Albury | 58 | 1957 & 2000 |
| Kangaroo Valley | Hydro | Turbopump | Kangaroo Valley | 160 | 1977 |
| Keepit | Hydro | Turbopump | near Gunnedah | 6 | 1960 & 1983 |
| Warragamba | Hydro | Turbopump | Warragamba Dam | 50Template:Ref | 1959 |
- – Undergoing upgrade to four units of 720MW each; started in 2011
- – Disconnected
Energy Reform Project
In line with the NSW Government’s Energy Reform Transaction Strategy issued in September 2009, Eraring Energy was instructed on 14 December 2010 to execute a GenTrader Transaction Implementation Deed. Subsequently, on 27 February 2011, it entered into Generation Trading Agreements (GTA) with Origin Energy as an element of the state’s energy sector reform.
The principal modifications comprised:
- Contracting output from Eraring Power Station and Shoalhaven Scheme Power Stations to Origin Energy through to 2032 and 2038 respectively;
- Transferring coal procurement responsibilities away from Eraring Energy;
- Redirecting market revenues generated by GTA-contracted stations to Origin Energy;
- Removing carbon liability costs from Eraring Energy’s obligations.
On 25 February 2011, Eraring Energy’s equity interests in Rocky Point Holdings (the developer of the Cobbora coal mine) were assigned to Cobbora Holding Company Pty Limited, an independent NSW statutory body.
Under these agreements, Origin Energy assumes management of trading activities and market income related to Eraring Power Station and Shoalhaven assets. In exchange, Eraring Energy obtains fixed and variable monthly payments and may incur penalties if specified plant availability targets are not achieved.
Eraring Energy maintained operation of renewable energy facilities including Hume, Burrinjuck, Brown Mountain, Keepit hydroelectric stations alongside Crookwell and Blayney wind farms.
Asbestos liabilities
Eraring Energy oversees the responsibilities linked to asbestos-related health conditions arising from exposure at locations previously operated by the Electricity Commission of New South Wales and Pacific Power. This includes sites with decommissioned power plants such as Bunnerong, Ultimo, White Bay, Pyrmont, and Wangi Wangi. These duties are fulfilled on behalf of the New South Wales Government.