Gas supplies at the Iona storage facility have fallen due to high demand amid the state’s price cap
The national market operator needs to implement “immediate measures” that address the state’s gas shortage crisis, Victoria’s energy minister says.Market Operator must establish a viable plan to control gas supply levels at national storage facilities after it was revealed that the Iona facility near Port Campbell recently dropped to record lows.
“We want AEMO to develop a plan to ensure minimal storage levels are maintained at the nationally significant Iona storage facility and other national facilities – providing more transparency for the market and avoiding situations where AEMO intervenes at the last minute,” she said.“Our expectation is that AEMO would be able to implement this plan immediately, while federal and state governments have time to introduce a considered national energy reserve,” D’Ambrosio said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Seriously bad’: AEMO intervenes in Victoria amid gas supply shortfall
Read more »
‘Getting away with too much’: AEMO intervenes in gas market to stave off energy crisisThe Australian Energy Market Operator has triggered the gas supply guarantee, allowing it to order Queensland suppliers to send more gas to NSW to free up gas for Victorian power generation.
Read more »
‘Seriously bad’: AEMO intervenes in Victoria amid gas supply shortfall
Read more »
Victoria demands ‘immediate measures’ to prevent gas supply crisisVictorian Energy Minister Lily D’Ambrosio said it was “frankly unacceptable” that somewhere with as much gas as Australia could face such high prices. | joshgordo and lachieabbott
Read more »
‘Getting away with too much’: AEMO intervenes in gas market to stave off energy crisisThe Australian Energy Market Operator has triggered the gas supply guarantee, allowing it to order Queensland suppliers to send more gas to NSW to free up gas for Victorian power generation.
Read more »
Germany worries about gas rationing as supply from Russia haltedTemporary closure of Nord Stream 1 prompts fears for private consumers as well as industry
Read more »