The national electricity market has been suspended as the market operator says it has become "impossible" to operate within the rules.
"It has become impossible to operate the spot market in accordance with the provisions of the rules," the operator said.It is understood to be the first suspension in the history of the national energy market, which began in 1998, and means the operator will take control of directing supplies from energy generators to the east coast power grid.
Earlier, energy Minister Chris Bowen said he was pleased significant load-shedding events and blackouts had been avoided so far, as a cold snap, the temporary shutdown of some coal-fired power station units and high gas prices have stretched the system.
annajhenderson Just proves that the climate is cooling, not heating like they tell us
annajhenderson just build new big coal power stations just like China or India
annajhenderson International shortfalls of energy contribute to higher power prices Where did you get the impression that Australia imports energy for electricity generation? Coal? Gas? Nuclear? Cables under the Timor Sea? Do enlighten us.
annajhenderson Probably best to minimise your electricity use regardless?
annajhenderson Maybe if we turned the lights off at night we could save lots of energy and money and add to climate targets.
annajhenderson Turning off ABC/SBS permanently would be a good start
this feels like a shake down & a pxssing contest. dont suppose you have any journalists that can take a bit of look, make some phone calls? or is the entire journalistic endeavor just re-printing press releases now? -JC electricity
ALL essential services should be govt owned.......end of
The 'providers' will have banded together and now about to hold a country to ransom, all for greed. We have been shafted by an LNP govt, and we're going to feel pain
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: abcnews - 🏆 5. / 83 Read more »
Source: theage - 🏆 8. / 77 Read more »
Drastic intervention halts energy market to keep Australia's power onThe Australian energy regulator has halted the electricity market in a drastic intervention, saying ensuring reliable supply had become "impossible". So these so called 'blackouts' are yet another money grab by big Corp, pulling back power for compo payments and pissing all over its consumers for the mighty dollar.....read this article and be fkn appalled !!! There is no energy issue it's corporate fkn greed pure and simple Net zero is suicide. “All we're doing is showing you what life will be like once we basically outlaw the use of coal and natural gas. After all, this is what you voted for.'
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Source: smh - 🏆 6. / 80 Read more »