Origin Energy : offers Myuna 12-month coal supply agreement

About this update from Origin Energy Limited

Origin today confirmed it has offered a new 12-month contract for the supply of coal from Centennial Coal's Myuna Colliery maintaining terms consistent with the existing agreement. Origin's Head of Energy Supply and Operations, Greg Jarvis said, "Our offer enables the continuation of the long-term relationship between our organisations and supports ongoing employment for the Myuna workforce. It also provides Centennial time to implement employee support initiatives as part of the Energy Industry Jobs Plan that the Net Zero Economy Authority is currently finalising, along with other state and federal government support. "Eraring plays an important role in keeping the lights on for NSW households and businesses, and we are committed to operating it reliably through to its scheduled closure in April 2029. "However, it is extremely disappointing to see workforce related issues being brought into our commercial negotiations with Centennial. We remain of the view that Centennial's focus should be on helping its workers prepare for their futures through the energy transition. "We've stepped up and demonstrated how we're supporting our people as we approach Eraring's retirement, and we now need Centennial to come to the table and confirm its support for its workforce through this transition period. "We believe workers and the community deserve greater transparency from Centennial Coal on how it will support them through the full implementation of the Energy Industry Jobs Plan, if the Net Zero Economy Authority recommends it be required. "As we seek to manage Eraring's continuing reliability in the lead up to its retirement in April 2029, coal quality remains a core focus and we will continue to closely monitor the quality of coal deliveries," Mr Jarvis said.

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