Renewables key to avoiding future energy price shocks and shortages, market operator says

  • 📰 SBSNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 89%

United States News News

United States United States Latest News,United States United States Headlines

'That is the long-term answer to delink us from international price shocks, as well as ageing infrastructure.'

READ MORE

AEMO expects the system used to schedule generation into the grid will be operating without failure, with a low volume of directions to generators and a reduction in forecast shortfalls of energy as electricity suppliers respond to market signals. "We have seen nearly 4000MW of generation return to service since this time last week, that means the risk of any shortfall has reduced markedly," Mr Westerman said.

"It points to the long-term answer which is a transition to firmed renewables and transmission. That is the long-term answer to delink us from international price shocks, as well as ageing infrastructure," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ShubaSKrishnan There are some services that are natural assets that should belong to state and federal government: defence is one, and so is energy. Since the early 1990s, this margaret thatcher policy to create an artificial market for electricity has been a failure for us.

Sussan Ley what 🐴💩 9 years of LNP Gov and no energy policy cause this crisis. 9 Years trying to slow down renewables and supporting Coal & Gas.

I hear wind turbine blades are not recycleable!

You cannot make the sun shine. Nor the wind blow.

There is no such thing as renewable energy.

or...OR....Oil companies would stop owning governments and wouldn't be scumbags.

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:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia's energy market operator signals market suspension could end soonThe suspension of the national electricity market could be lifted as soon as Wednesday, as the market operator looks to outline a path back to normal function of the grid:
Source: SBSNews - 🏆 3. / 89 Read more »

Extraordinary electricity market shutdown may be lifted by Wednesday nightThe energy market operator sees positive signs for the electricity grid after it dodged rolling blackouts across the east coast last week. So how about putting up the original photo? Yallourn’s cooling towers release steam! Really pathetic!
Source: smh - 🏆 6. / 80 Read more »

Shaggy coat, big fringe a hit with hobby farmers as 'attractive' Highland cow trends in marketSince the pandemic, Highland cattle prices have gone from $400 to up to $20,000, with aficionados starting a bidding war online for the boutique breed. A breed from the Scottish Highlands. Should go well in the Australian heat. It was at the moment God saw humans demanding attractive cows, He proclaimed 'Fuck this shit, I'm out' Yummy beef 🍖 and good hide as well.
Source: abcnews - 🏆 5. / 83 Read more »

Funeral disruptor defies deadly market conditions to bank $10mPerennial Partners and Ord Minnett Private Capital have led Bare’s capital raise, with support from ex-NBA star Andrew Bogut.
Source: FinancialReview - 🏆 2. / 90 Read more »

Competition watchdog to investigate potential gaming of energy marketThe national competition watchdog will conduct an investigation into the behaviour of power companies during the electricity market crisis last week. | micksfoley NickToscano1 micksfoley NickToscano1 mmm... ok... another quasi govt organisation to investigate something... wow... no wonder people are struggling or homeless with all these organisations (tax payer funded) to examine stuff ups AFTER they happen... how about good govt structures and less of all these others.. micksfoley NickToscano1 Can guarantee they will have no adverse findings just like all the millions of $’s spent on investigating fuel prices yet zero penalties resulting micksfoley NickToscano1 Surely there is a key component in the system that's made in China so we can blame them for it.
Source: theage - 🏆 8. / 77 Read more »

Competition watchdog to investigate potential gaming of energy marketBig businesses are warning a clean energy plan where states decide the fate of fossil fuels in their jurisdictions will hit industry with added costs and rules. micksfoley NickToscano1 Derr… Blind Freddy knows the energy market is gamed 😂 micksfoley NickToscano1 and WHO wrote the contracts.........? micksfoley NickToscano1 The corporate world can cheat citizens out of their money,but those living in poverty are imprisoned for petty theft to survive,something is seriously wrong with our two sets of laws and values.
Source: smh - 🏆 6. / 80 Read more »