6. CONCLUSIONS
There have been major improvements in reliability of Australian electricity generating plant in recent years.  Apparently this has been achieved primarily by management changes within the stations.  Australian reliability now appears very good in relation to US figures.  The Australian average availability factor would appear to be exceeded by only about 3% of the stations in the US.

This improvement in reliability appears to have had an impact on spot prices in the South Eastern Australian electricity market. This extra reliability means there is much more capacity selling to the system at a very low extra cost.

The capacity of generation is adequate at present for all conditions but within 2-4 years problems may occur during peak demand on hot days.  This will result in the construction of a new power station in Victoria, probably a gas turbine.

7. REFERENCES
ESAA, (1998). Electricity Australia, 1998, Electricity Supply Association of Australia, Sydney.
Hazelwood (1998). Jumbunna, Hazelwood Power's official employee newspaper, 4(12), 2 November 1998, p3.
Loy Yang (1999).  Loy Yang Power Report, 5(14), 4 August.
Loy Yang (1997).  Loy Yang Power Report, 3(14), 23 July 1997, p2.
Myer R (1999). Power struggle is now a capital matter, The Age, 28 May.
NEMMCO (1999).  National Electricity Market Management Company, Statement of Opportunities, March 1999.
OPE (1999) Specialist session on performance improvement, 5th International Conference on  Operating Pressure Equipment, Institute of Materials Engineering Austrlaia, Melbourne, Australia, 19-21 April, 1999.
SECV (1991). State Electricity Commission, Annual Report, 1990-1991, p126.
United Energy (1998). Annual report to shareholders 1998, Melbourne.
VPX (1998). Annual planning review, 1998, Victorian Power Exchange, 29 May 1998.
Walker, D (1997).  Edison Mission get Loy Yang B, The Age, 2 April.
Yallourn Energy (1999).  Live Wire, September1999.
 
National Conference 1999
 
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