Chris Bowen says Australia is through the worst of the energy crisis, which he claims was “written and authorised” by predecessor Angus Taylor.
In an unprecedented move the AEMO indefinitely was forced to suspend the electricity spot market for the east coast from last Wednesday afternoon.
The decision came amid skyrocketing power prices which led AEMO to set an energy price cap on Sunday, limiting the price of wholesale electricity to $300 a megawatt per hour. Stream more local news live & on demand with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022.“The National Energy Market continues to function under pressure but nevertheless we are in a situation where more generation has come back on board,” Mr Bowen told reporters on Monday.Mr Bowen was also quick to blame the previous government’s 10 years of “denial and delay” for manufacturing the crisis.
“This is a Taylor-made crisis. Made by a former minister and government which wasn’t up to the job,” he said.“This is a crisis that has been brought about by a government which refused to make the difficult decisions, to provide the framework, to get the investments in storage, in renewables, in transmission.We have a lot of catching up to do on the massive energy transformation Australia needs. But the Albanese government is getting on with a job.
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