The Morrison Government has announced a taskforce to study the expected closure of the Liddell Power Station near Muswellbrook.

The taskforce is reportedly leaving all options on the table including extending the life of or replacing the ageing coal plant at the expense of the taxpayer, and is looking into the effects the closure will have on our energy system.

The announcement comes after AGL revealed it would extend the life of Liddell an extra four months with closure now planned for April 2023.

Shadow Minister for Agriculture and Resources, and Federal Member for Hunter, Joel Fitzgibbon has said the move is too little too late from the Morrison Government.

“We’ve known for at least six years that Liddell would not last beyond her 50th birthday and yet they have left it until now to try to work out what we are going to do in response,” he said.

Mr Fitzgibbon said the Hunter needs to attract new investment into new generation and storage facilities to counter the closure of the coal fired power plant.

“The government has announced a four month extension, which we welcome, but we needed an energy policy six years ago to drive investment and accelerate new facilities in the Upper Hunter”.

“If the formation of a committee is the best thing the Morrison Government can do after six years we are all in trouble,” Mr Fitzgibbon said.

Liddell Power Station near Muswellbrook. Image: ABC News.