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Keyword: spotmarket

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  • Australian Energy Market Operator suspends spot market for wholesale electricity to ensure reliability and avoid blackouts

    06/15/2022 7:42:11 PM PDT · by dynachrome · 2 replies
    ABC.net.au ^ | 6-15-22 | political reporter Melissa Clarke and Nicholas McElroy
    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,...