Premier Chris Minns announced an agreement with Origin Energy to extend the operation of Eraring, Australia's largest coal-fired power station, until at least 2027.

The decision aims to address potential blackouts due to delays in renewable energy projects and ensure electricity supply security during the transition to renewables.

The federal opposition, led by Peter Dutton, has used this deal to advocate for nuclear power plants as an alternative solution.

This move has sparked a debate on cost, timelines, and community acceptance of nuclear energy.

The closure of coal-fired generators and the growth of renewable energy are reshaping Australia's energy sector, prompting government interventions.

At least half of coal-fired plants are expected to shut down within the next decade, underscoring the urgency of accelerating renewable energy projects.

Premier Minns stresses the need for financial protection for taxpayers, as Eraring is scheduled to shut down permanently by April 2029 to meet emissions goals.

Environmental groups have criticized the decision, while the Mining and Energy Union supports it for preserving local jobs.

Victoria has also taken measures to prevent unexpected closures of coal plants to avoid price spikes.

Australia's energy landscape is evolving rapidly to balance reliability, affordability, and sustainability in the energy mix.