Source: Financial Review
AGL Energy said it will lock workers out from its Loy Yang A power station and shut its operations down from May 15 after failing to resolve an enterprise bargaining dispute which has dragged on for more than two years.
The closure of the black-coal power station and mine - which follows on from the de-commissioning of the nearby Hazelwood power station in March - has raised concerns there could be potential power shortages across the National Electricity Market.
AGL's Loy Yang power station powers about 30 per cent of Victoria's power needs - or about 2 million homes - each year.
AGL Energy said the planned lock-out - which it says is valid under the Fair Work Act - was only taken after it received notice from the Electrical Trades Union of rolling consecutive stoppages which would start in two weeks.