The Liddell coal-fired power station is pictured in the Hunter Valley, north of Sydney, Australia on April 9 2017. File Picture: REUTERS/JASON REED
Faced with soaring global energy prices, coal supply disruptions and outages at coal-fired power plants, the country’s energy market operator has taken unprecedented measures to control electricity and gas prices and secure steady supply. On Wednesday, AEMO suspended the market and said it would set prices directly and compensate generators.About 25% of the market’s 23 gigawatts of coal-fired capacity has been out of service over the past month, with as much as 30% unavailable at times. About 1.9GW of capacity has returned online since Wednesday, the Australian Energy Council, which represents the country’s generators, said.
Domestic gas prices jumped so high that AEMO stepped in to cap prices at A$40 per gigajoule — four to five times the normal price.
be frank with us we are not dumb, they ran into chaos because they solar and wind power can be used as base energy and also privatization of energy generation and transmission led to the crisis not you are trying to avert it from nonsensical REIPPs that are owned by WMC
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How Australia ran into a power crisisEnergy market operator has taken unprecedented measures to control electricity and gas prices and secure steady supply
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