While the market operator has taken over the supply of power, energy companies will still beMs McNamara – who represents 20 coal and gas companies – said any suggestions companies were trying to game the system to receive higher compensation from the market operator were off the mark.
“Since announcing the suspension of the electricity spot market, we have seen improvements in generation availability, as reflected in our forecasts,” it said in a statement. The special powers give Mr Kean temporary authority to order coal producers to deliver fuel to electricity generators.
They would say that wouldn't they?
Bowen the wrong person to put in charge of the energy portfolio. A tad arrogant and attention seeking. The art of negotiation may not be in his repertoire. Technocrats create an overly complex system, fail to secure long term supply and when it goes pear-shaped, blame producers.
There's not sufficient supply in South Aus take a look at 8pm each night
Sure... Check the John Clarke & Brian Dare bit from 2017 - The Energy Market Even comedians could spot the BS a mile away...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: abcnews - 🏆 5. / 83 Read more »
Energy fix must keep the market in the NEMThis week’s electric shock had mostly outside causes. But it is a grim warning for the politicians supervising an electricity system with a huge transition in front of it.
Source: FinancialReview - 🏆 2. / 90 Read more »
AEMO has shut down energy market for ‘at least a week’If only. 9NewsAUS 7NewsAustralia Questions for Bowen: How many sq km of solar panels are required to provide our daily baseload requirements? Where do you intend to acquire the land to situate these panels? How many batteries are required to supply overnight baseload? Well, the privatised model wasn’t working, was it? You can have a “renationalised electricity market”…or you can have load shedding and blackouts and bills to the moon and back.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Manufacturer forced to turn off lights after energy market 'failure'A South Australian manufacturing business reliant on wholesale electricity labels the national electricity market a 'failure' after standing down 170 employees due to unaffordable operating costs. Isn't South Australia the great renewables market? Just Greta dumb 🤦 Western elites were in the grip of an ideology that made them incapable of understanding the hard realities of energy production. China’s Xi and Russia’s Putin took advantage of the delusions of the decadent West, and now we are all paying the price. All going according to plan.
Source: abcnews - 🏆 5. / 83 Read more »
Energy market suspended after chaos made it ‘impossible to operate’The Australian Energy Market Operator (AEMO) has made an extraordinary move and for the first time suspended the whole east coast electricity market until further notice. energy power auspol It's spelt N A T I O N A L I S E . Essential services. BuildBackBetter 🙃🤦♀️ The Energy ‘Market’ became an excuse for virtue signalling states to abrogate their responsibilities to their citizens I’m looking at you Victoria and South Australia
Source: theage - 🏆 8. / 77 Read more »
'Impossible to operate': Electricity market suspended as energy crisis escalatesThe national electricity market has been suspended as the market operator says it has become 'impossible' to operate within the rules. 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 ALL essential services should be govt owned.......end of 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
Source: SBSNews - 🏆 3. / 89 Read more »