Posted on 06/15/2022 7:42:11 PM PDT by dynachrome
The Australian Energy Market Operator (AEMO) has taken the extraordinary step of suspending the spot market for wholesale electricity across the country.
Key points: The electricity sector has been dealing with soaring costs It forced AEMO to cap prices and compel generators to offer their services Now the spot market for wholesale electricity has been suspended to try and ensure reliability The electricity sector has been dealing with soaring costs, forcing AEMO to cap prices and compel generators to offer their services.
AEMO has now suspended the spot market entirely across the National Electricity Market — which includes Queensland, Victoria, South Australia, NSW and the ACT — saying it is impossible to ensure reliable electricity supply under the current circumstances.
It's the first time the market has been suspended nationally and it will be reviewed daily in each state.
(Excerpt) Read more at abc.net.au ...
Not as though there is a trans-Pacific power grid.
You’re on your own, maties!
It wouldn’t surprise me - but on the other hand, the new Labor government actually seems to be rethinking their opposition to coal power - at least accepting that in the short term, the country can’t do without it - which would be a positive.
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