In the electricity industry, no two words instil a greater sense of fear or failure as load shedding. Here's why.
Such rigour is required because power, while so essential, can also be dangerous to people and appliances.
They inevitably trigger safeguards at the generator that force it to switch off, or trip, to prevent even more drastic consequences such as an explosion, for example. On top of this Australia's largest coal-fired power plant, the 2,880-megawatt Eraring plants in NSW owned by Origin Energy, has been hit by a shortage of coal supply.
For many of the generators operating in the east coast, which is one of the world's biggest exporters of both commodities, the turmoil has left themA final straw is related to both of those factors and came to a head on Monday whenUnder the NEM's rules, price caps for generators can be imposed when costs in the wholesale power market breach maximum thresholds.
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