Australia’s east-coast energy crunch is continuing to deepen as the market operator orders Queensland power suppliers to switch on extra electricity generation to avert blackouts.
Just before 1pm, AEMO directed a power generator to switch on and supply electricity to the state’s grid. The intervention came after the market operator imposed a $300-per-megawatt-hour price cap to halt runaway wholesale power prices, which limited the volume of bids into the market and reduced reserves.
Graeme Bethune, chief executive of Australian energy consultancy EnergyQuest, said the price rises across the grid had been “extraordinary”.
Get used to it, general public. Muppets carrying on like this is new. This was always going to be results of agressive & premature renewable push which has already pushed out coal generators, insecurely so, and left with a very unstable grid. It’s only going to get worse
Coal fired power is the most reliable energy source around , lack of maintenance is more like the problem.
blame LNP who was in power for a decade n they did nothing but brawling with National cabals
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Source: FinancialReview - 🏆 2. / 90 Read more »
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