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Energy Emergency on the Australian East Coast

Press/Media: Expert Comment

Description

The electricity spot trading market was stopped by AEMO due to rising wholesale electricity cost which would have had dire consequences on non integrated energy retailers and ultimately hit the pockets of Australian households. Some comments from me on how this could have been avoived.

Subject

Electiricity Pricing, AEMO, Regulations, Spot Trading

Period17 Jun 2022

Media contributions

1

Media contributions

  • TitleCosmos Magazine: Why is the energy emergency happening across the Australian east coast?
    Degree of recognitionRegional
    Media name/outletThe Canberra Times
    Media typeWeb
    Country/TerritoryAustralia
    Date17/06/22
    Descriptionhe Australian Energy Market Operator (AEMO), which oversees power distribution across the country, has suspended the wholesale market.

    Saying that it's "become impossible to continue operating the spot market while ensuring a secure and reliable supply of electricity for consumers", AEMO has halted spot-market trading in the National Electricity Market (NEM), which is responsible for generating and selling power to Queensland, NSW, ACT, Victoria, South Australia and Tasmania.
    Producer/AuthorEllen Phiddian
    URLhttps://www.canberratimes.com.au/story/7784166/everything-you-need-to-know-about-the-east-coast-energy-emergency/
    PersonsLurion De Mello
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