Overview
- The five-year extension reverses a pledge to end funding by June 2026 after more than $300 million in state support since 2022.
- The government says future outlays will be significantly lower due to better prices negotiated with major customers including Bluewaters.
- Commercial terms were not disclosed, with details to be tabled to parliament once arrangements are finalised.
- A Collie basin transition taskforce has been formed to propose a new asset structure, including a possible Griffin–Premier Coal merger, with a six-month reporting deadline.
- Opposition and Greens figures condemned continued subsidies, accusing the government of energy-system mismanagement and calling for faster renewable rollout.