Australian Energy Market Operator CEO Daniel Westerman has announced a “staged approach” to the resumption of the national electricity market’s wholesale trading.
“The first step will take place at the end of the trading day today and at 4 am tomorrow morning when we will allow the market to set the price again,” Mr Westerman said. “The second step will happen 24 hours after that; we will be able to formulate the market suspension. “By removing these conditions, we hope that the market will return to bidding and dispatch situation – allowing the market to operate without major AEMO interventions and manual management of generation.”
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: