Energy market suspended after chaos made it ‘impossible to operate’

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Energy market suspended after chaos made it ‘impossible to operate’ | miksfoley sumeyyailanbey

The Australian Energy Market Operator has made an extraordinary move and for the first time suspended the whole east coast electricity market until further notice, as it works to restore calm to the increasingly volatile grid.

Power generation companies are paying sky-high prices for coal and gas. They were repeatedly withdrawing electricity supply from the grid as it became less profitable, triggering AEMO to issue legally binding directions forcing them to fire back up to prevent blackouts, for which they are compensated.

Running the grid in that environment had become an immense task for the market operator, which had to forecast shortfalls and work with companies to fill the gaps. “As consumers, that’s more reassuring than what was there before because it means there will always be supply to meet demand,” Reeve said.

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sumeyyailanbey the design of the market rules was by our government bureaucrats ........so are they still there

sumeyyailanbey Going government control of A private industry

sumeyyailanbey Time to nationalise it. Private ownership of essential services just doesn't work.

sumeyyailanbey There is NO gas/coal shortages in Australia, one of the biggest suppliers in the world. Bring the CEOs to Canberra and TELL them to fix it, plenty of domestic supply at a fair price OR the government will FIX IT & the companies will not like their solution one bit, you have 48hrs

sumeyyailanbey A parallel experience to the SMH Board.

sumeyyailanbey Your company are monsters for forcing Rebel to come out!!

sumeyyailanbey But Labor has a plan..🤔🤔🤔

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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
Fonte: theage - 🏆 8. / 77 Consulte Mais informação »

'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
Fonte: SBSNews - 🏆 3. / 89 Consulte Mais informação »