Queensland wholesale prices still have a narrow headroom before triggering a regulated cap but while supplies have eased, market watchers remain uneasy for the rest of winter.
A growing list of smaller electricity and gas suppliers have meanwhile either exited the market, transferred their customers or gone into administration as they buckle under the effects of the extreme surge in wholesale energy prices.P said EnergyAustralia “continues to face unabating operating challenges exacerbated by volatile wholesale market conditions and high prices”.
Participants fear the price cap may still be triggered amid cold weather and plant outages in the state, and that Unit 1 at the 2880MW plant tripped on Tuesday night and is not expected back on in time for Wednesday evening at least, Mr Stabler said.Origin confirmed a fault at the unit caused it to come offline on Tuesday evening. “Our onsite team is currently working to diagnose the cause and the actions we need to take to rectify it over coming days,” a spokeswoman said, adding that Eraring’s other units are unaffected.
On Tuesday, the expected shortage in the evening in Queensland was so severe that AEMO instructed state government-owned CleanCo to switchAdvertisementEnergy Edge’s Josh Stabler
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