POLICY

Feds to underwrite Alcoa smelter to secure energy supply

THE federal government is underwriting operations of Alcoa’s Portland aluminium smelter to act as a giant battery, drawing ire for once again intervening in the energy market.

 Energy and emission reduction minister Angus Taylor.

Energy and emission reduction minister Angus Taylor.

Energy and emission reduction minister Angus Taylor announced today that the government will underwrite revenue earned by the facility in exchange for the smelter reducing its load when the power supply-demand...

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