The market operator will apply a set price for the five states in the NEM, compensating the generators who bid into the market during the suspension price period.
It followed AEMO being forced to direct five gigawatts of generation through direct intervention on Tuesday and finding it was no longer able to operate the spot market or power system in this way.AEMO has assured the federal government there will be enough power to avoid load-shedding or blackouts.
AEMO_Energy In one of the highest taxed countries and a resource rich country - how is this happening - selling our assets off .?
AEMO_Energy Yeah okay, but Vivid lights to remain on go figure! 🙄🤣
AEMO_Energy
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Energy market operator suspends spot market for wholesale electricityThe electricity market operator takes the extraordinary step of suspending the spot market for wholesale electricity. GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe GasLedCatastrophe Trump 2024! Didn't take long for Australia to turn to shit under AlboMP
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'It's a fiasco': SA government slams national energy market but says local blackouts 'unlikely'South Australia's energy minister says the national energy market is 'broken' but it's 'unlikely' the state will suffer any blackouts after warnings of power uncertainty across Australia. I'll be saving this one for later ABC.😎👍 Bloody LNP selling off the people's assets Plenty of wind power right now in southaustralia. But otherwise it's gas and imports from Victoria. Expensive distillate a last resort. Privatization of backup power by previous government (abrogating duty of care) has increased vulnerabilities theTiser theage
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