For the first time ever, Australia's national electricity market has been suspended, with the market operator saying itThe Australian Energy Market Operator said in a note issued on Wednesday it had suspended the electricity spot market in NSW, Queensland, South Australia, Tasmania, and Victoria, until further notice.
"This is the fault of the government, on both sides, for refusing to implement a domestic reservation policy," energy law professor at Deakin University, Samantha Hepburn, told SBS News. "There is no shortage of supply, it's just that we are missing about two or three gigawatts of coal power capacity, which is normally available to us.When there is a supply issue like this, the market relies on generators to put energy back into the market to meet demand.
"But we have generators that produce at $400, so they need to be paid $400 to produce. If you give them $300, they prefer not to." "There is also going to have to be, in my opinion, robust implementation of emergency rules regarding reservation and supply."Mr Westerman said AEMO's suspension of the market is temporary and will be reviewed daily.Should you be concerned?
Green washing is the problem.
Fossil Fuel industry greed, selling everything overseas, creating a false 'shortage' in Australia, then price gouging for extra profits.
Plants prefer not to sell. What nonsense. Ludicrous that Australia even has an energy market in my view. Australia runs out of supply? LMAO. Also ludicrous. Call it how it is, we are being ripped off.
Given that Tasmania is pretty much hydro and renewables driven isn't it time for us to dump the all powerful national electricity market, go it alone and flog any surplus to the mainland states for our own taxpayer profit? Why should we pay a premium for others failings?
No, the 'welter' that the big power coys have been making, they can redeem that money, it is only invested elsewhere, then bolster that which was to be the priority, i.e. the provision of power to the Australian market / legitimate owners.
The government is behind it! Plain and simple
Some of these plants prefer not to reduce their tax free profits.
Answer ... 1. Too much gas is being exported 2. Dilapidated coal fired power stations 3. Cold weather / overcast skies = low solar 4. Snowy Hydro not being cranked up 5. Basslink not being cranked up 6. Greedy electricity retailers 7. No geothermal 8. No nuclear 9. Dumb govts.
Privatisation only benefits share holders, not the public they're supposed to be serving. Time to re nationalise essential services. All the power operations were set up by the government of the day, privatisation has failed.
AEMO_Energy doesn't have capacity to resolve the problems. CERegulator powercut electricity
Too much exported gas . Not enough hydro electric . Too much shit weather . Dilapidated coal fired power stations that are being run into the ground by disinteresred operators . AEMO
Here's why: Massive sellout of Australia's energy sources and massive profiteering and tax avoidance by the current energy 'providers'.
What kind of crazy fuckery is this?
Liberals
renewable garbage
Time for the only green choice, nuclear