The staged resumption will see the market again setting prices from tomorrowThe Australian Energy Market Operator last week seized control of the east coast energy market for the first time in its history after days of volatility put several states at risk of blackouts.
AEMO yesterday signalled there was sufficient supply to get through Wednesday but confirmed it was still directing generators to pump power into the network. "We are taking a number of steps operationally and working very closely with generators to make sure that the dysfunctional behaviour doesn't re-occur" he said.
But AEMO then suspended the spot market entirely across the national electricity market — which includes Queensland, Victoria, South Australia, NSW and the ACT — saying it was impossible to ensure reliable electricity supply under the current circumstances.The crisis has been caused, in part, by soaring global coal and gas prices and an ageing fleet of coal-fired power stations in Australia operating below capacity.
What’s the story on landfill for wind generation equipment? Is it recyclable? What’s it’s lifespan? What’s the lifespan of solar panels and batteries ? Are they recyclable? Genuine questions. I know coal and gas equipment will also be landfill issues. Comparison
StephenLongAus p_hannam RachelPupazzoni grhutchens One underlying factor for the energy crisis has not changed: the huge waste of LNG exports from Gladstone. Check here:
The lies from past governments over decades that selling off state owned utilities would lead to cheaper prices and reliable supply.
. It isn't a COMPETITIVE market though. It is an oligopoly that collectively is price fixing. Electricity demand is inelastic and they are manipulating supply, colluding to keep prices high. .
compensating for market caps is crazy......
ABC/Labor/Greens/Lefties blaming everything but renewables, hilarious and sad. Renewables. It's getting a bit like socialism. Greta renewables aren't failing, it wasn't real renewables.
So wait till Summer then........Thanks ABC.😉👍
Look my naked photo ❤️😘