Set prices for wholesale power have now been imposed in all four main regions in the National Electricity Market as the energy crunch worsens and shortages loom.
Rob Homer
“Hmmm ... these are not small numbers of MW forecast to be load shed in QLD or in NSW on Tuesday evening 14th June 2022,”“Let’s hope it works out like Monday evening did!” NSW Treasurer and Energy Minister Matt Kean tweeted on Monday evening that he had been informed by AEMO that “the situation is under control, with AEMO directing generators to ensure there is enough supply online when it’s needed”.
Dylan McConnell said that in both Queensland and NSW, market data showed several plants that had been forecast to be available to produce power were withdrawn from the market once the $300/MWh limit was set. That included about 2 gigawatts of capacity withdrawn in Queensland on Sunday evening.“It definitely seems like some generators are gaming the compensation regime,” Dr McConnell said.
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