The Australian Energy Market Operator has warned of dwindling gas reserves in Victoria, despite assurances from the Victorian government the state has plentiful supply.
The Australian Energy Market Operator has threatened to step in to stave off a potential gas shortage in Victoria as reserves at a storage facility in the state's south-west continue to fall.Energy market operator AEMO says dwindling gas reserves at a facility in Victoria's south-west are threatening the state's energy supply
"Depletion of gas at the Iona storage facility is posing a threat to the secure operation of Victoria's gas system if it keeps emptying at the current rate," AEMO said in a statement.A similar warning was issued to industry participants on July 11. Victoria's Energy Minister Lily D'Ambrosio said Victoria had more than enough gas supply to meet demand, and that the price cap would not be removed.
"Frankly, a fair price should be paid for gas. We've got more than enough supply to be able to meet our needs and it should be provided at a fair price."
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