Bill Shorten says Labor won't rule out supporting extending the life of a NSW coal-fired power station, despite comparing it to a 50-year-old car.
Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg will meet with executives from AGL - owner of the Liddell power station in the Hunter Valley - in Canberra on Monday to discuss keeping the plant open beyond its scheduled 2022 shutdown.
A new report says eastern states risk blackouts if 1000 megawatts can't be found to fill the gap in electricity demand as old coal-fired power is shut down.
Labor says the government needs to think beyond a plan for Liddell and quickly adopt a clean energy target, as recommended by Chief Scientist Alan Finkel, to give investors long-term certainty.
"With the Liddell power station, it's 50 years old. What car do (people) drive that is 50 years old?" Mr Shorten told reporters in Melbourne on Friday.
"If something can be done, which is commercial, Labor is not going to immediately rule that out.
"But ... I hope (Mr Turnbull's) got a little bit more than just that plan."
The lack of a clear set of rules was discouraging investors in energy generation, pushing up prices and making the system less reliable, Mr Shorten said.
Mr Turnbull said keeping Liddell open for up to five years was an obvious solution, but not the only one.
"That's one option, there will no doubt be others," he told reporters in Samoa, where he was attending the Pacific Islands Forum.
NSW power station operator Delta Electricity had indicated interest in Liddell, and the prime minister imagined other energy companies would also examine it.
Labor climate spokesman Mark Butler said he did not accept the premise there would be a shortfall in electricity generation.
"We don't have a problem with old plants closing, the problem is that we don't have a plan to replace them and I know that if we put a clean energy target in place ... we would see substantial investment flow," he said.
The Australian Greens oppose lengthening Liddell's life, and are instead calling for the orderly retirement of coal-fired power stations.
The Greens say supply issues can be addressed by boosting dispatchable renewable power, improving storage such as batteries and better managing demand.
Treasurer Scott Morrison said it was important to keep Liddell and other coal-fired power stations open.
"(Mr Shorten) needs to be straight with particularly the many, many Labor Party supporters who have relied on the Labor Party up there in the Hunter Valley for their jobs and they're walking away from them," he told reporters in Sydney.
"They've put up the white flag on coal-fired power in the Hunter Valley and they're selling them out."
