Energy fix must keep the market in the NEM

Until now, the National Electricity Market has been one of the great pro-market and pro-productivity reforms of the 1990s. It turned five siloed feather-bedded state electricity monopolies into players competing against each other to provide power for one big pool of wholesale energy supply to the east coast. Customers could negotiate the best deals, or just change their retailer, rather than take what was on offer.

The Australian Energy Market Operator’s dramatic temporary suspension of the NEM should not be the cue for yet more intervention, such as the unwinding of privatisation as South Australia’s new Labor premier Peter Malinauskas suggests. Instead, federal and state energy ministers need to get on with the 2025 blueprint for modernising the NEM that has languished as a paper plan for years.

But the climate wars have vetoed this economy-wide price signal. Instead, state government targets and subsidies have accelerated the pace of renewables, which now co-exist uneasily with coal-fired power which is essential to keep the system working but increasingly unviable. That has made a new set of market rules to provide a safety net underneath the system even more important, but as yet there is none.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Chris Bowen says energy shortage due to 'decade of under-investment' in renewablesEnergy and Climate Change Minister Chris Bowen has blamed the intervention by Australia's energy regulator on the electricity market on under-investment in renewable energy technology. mmm.... well of course he has... it's a fact... LNP policy was to maintain the status quo, leave regulation to the free market... no taxes for the market corporate mates... ALP has to fix everything across govt so that Australians have a fair go... 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. Government intervention in the market is responsible for almost all market failures. If he was serious, he'd be advocating for the lifting of the nuclear power moratorium.
แหล่ง: SBSNews - 🏆 3. / 89 อ่านเพิ่มเติม »

Drastic intervention halts energy market to keep Australia's power onThe Australian energy regulator has halted the electricity market in a drastic intervention, saying ensuring reliable supply had become "impossible". So these so called 'blackouts' are yet another money grab by big Corp, pulling back power for compo payments and pissing all over its consumers for the mighty dollar.....read this article and be fkn appalled !!! There is no energy issue it's corporate fkn greed pure and simple Net zero is suicide. “All we're doing is showing you what life will be like once we basically outlaw the use of coal and natural gas. After all, this is what you voted for.'
แหล่ง: 9NewsAUS - 🏆 10. / 72 อ่านเพิ่มเติม »

Drastic intervention halts energy market to keep Australia's power onThe Australian energy regulator has halted the electricity market in a drastic intervention, saying ensuring reliable supply had become "impossible". Neloangelo314
แหล่ง: 9NewsSyd - 🏆 23. / 51 อ่านเพิ่มเติม »

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
แหล่ง: abcnews - 🏆 5. / 83 อ่านเพิ่มเติม »

'It's a fiasco': SA government slams national energy market but says local blackouts 'unlikely'South Australia's energy minister says the national energy market is 'broken' but it's 'unlikely' the state will suffer any blackouts after warnings of power uncertainty across Australia. I'll be saving this one for later ABC.😎👍 Bloody LNP selling off the people's assets Plenty of wind power right now in southaustralia. But otherwise it's gas and imports from Victoria. Expensive distillate a last resort. Privatization of backup power by previous government (abrogating duty of care) has increased vulnerabilities theTiser theage
แหล่ง: abcnews - 🏆 5. / 83 อ่านเพิ่มเติม »