The long, proud history of the National Electricity Market has crumbled in a manner that has shocked even the most seasoned participants., the market had been stumbling along. In some ways the imposition of controlled, $300-a-megawatt-hour prices early this week was the writing on the wall.
A circuit-breaker was needed, but the new federal government had few options to hand, and effectively passed the responsibility for the next move to the market operator. The “energy-only” aspect of the NEM that served so well under the original centralised power system – and which meant generators were paid only for their output – had long been seen as unworkable given the rapid influx of weather-dependent wind and solar.
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La source: FinancialReview - 🏆 2. / 90 Lire la suite »
Blackouts dodged as regulator demands answers from power companiesBlackout warnings issued on Tuesday night across the east coast electricity grid did not end up happening because the energy market operator forced power generation companies to fire up units that had been taken offline. | micksfoley micksfoley How successful is all this? micksfoley Proving that the crisis is not one involving availability of electricity generation capacity. This is a crisis created by capitalists playing chicken with a new government they didn't choose, to see how far they can be cowed by corporate power. Labor stand your ground. micksfoley If I sold coal I’d be maximising now for sure
La source: theage - 🏆 8. / 77 Lire la suite »
Blackouts dodged as regulator demands answers from power companiesPower companies have been called to an emergency meeting with the energy market regulator after it forced providers to fire up generators taken offline as fuel prices rose.
La source: brisbanetimes - 🏆 13. / 67 Lire la suite »
Energy market is a crash everyone saw coming, but did nothing to stopThe market suspension is about more than cold weather and power station maintenance - it is about a disgraceful failure in Australian politics. CroweDM Liberal party policies CroweDM 'The country is paying the price for the divisions within the Liberals over the transition to clean energy and the outright denial in the Nationals of global warming and the need to act quickly to reduce the reliance on coal.' Yep, Spud and Matty Caravan should take note. CroweDM Everything’s crashing 😂 We should all jump off a cliff
La source: smh - 🏆 6. / 80 Lire la suite »
Energy market is a crash everyone saw coming, but did nothing to stopThe market suspension is about more than cold weather and power station maintenance - it is about a disgraceful failure in Australian politics. | David Crowe | ANALYSIS auspol energymarket troyevillelolly Load shedding next? The short version is it’s the lnp fault, 9 years of constant ignoring the problem, and now the media are trying to blame a 3 week old government. Smacks of stupidity. Labor, the Greens and Teals aren’t to blame feral Fedeal LNP...
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Blackouts dodged as regulator demands answers from power companiesPower companies have been called to an emergency meeting with the energy market regulator after it forced providers to fire up generators taken offline as fuel prices rose. micksfoley I can give you the reason for the energy crisis: unviable unjustified technically preposterous policies mediocre politicians and lunatic billionaires playing super Climate heroes to catch the spot light. Climate Change policies will turn Australia into a 3rd world country 🦘
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