‘Getting away with too much’: AEMO intervenes in gas market to stave off energy crisis

  • 📰 theage
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The Australian Energy Market Operator has triggered the gas supply guarantee, allowing it to order Queensland suppliers to send more gas to NSW to free up gas for Victorian power generation.

on Monday, Victoria is the only state in which a $40-per-gigajoule price cap on gas remains in place to keep a lid on soaring wholesale prices. The cap, which was triggered automatically at the end of May under Australia’s gas market rules, prompted NSW and Queensland to get more of their gas from the Iona facility, which is the largest independent provider of storage services to the east coast gas market.

“More visibility should mean, as it did in April [when the guarantee was last triggered], that gas goes to where it’s needed,” she said.In a statement released on Tuesday night, AEMO said gas producers and pipeline operators had responded positively to the request for additional gas supply. In a statement, owner Lochard Energy said Iona’s customers generally withdrew most of their gas in storage during winter and refilled it once the season had passed each year.

In 2019-20, for example, Australia produced 5945 petajoules of gas, of which 4393 petajoules, or 74 per cent, was shipped overseas. That left 1647 petajoules for domestic use, including power generation, heating and manufacturing,

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Australians can rest easy knowing that our fuel, electricity & gas for life basics is in the hands of profit driven multinationals who can turn off the tap whenever it suits. While our new govt globe trots seemingly ignoring the significant life threatening issues in Australia.

No mention of Vic Govts banning of its own gas?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Energy market operator threatens to intervene as Victoria's gas reserves fallThe Australian Energy Market Operator has warned of dwindling gas reserves in Victoria, despite assurances from the Victorian government the state has plentiful supply. But Victoria has windmills and solar panels 💪🤪 ABC/Labor/Greens/Lefties blaming everything but renewables, hilarious and sad. Renewables. It's getting a bit like socialism. Greta renewables aren't failing, it wasn't real renewables. The gas reserves are falling on purpose. This is part of a plan by very evil people.
Källa: abcnews - 🏆 5. / 83 Läs mer »