The June energy crisis exposes Australia’s energy market challenges

The NEM’s June energy crisis highlights the shortfalls of its energy-only market system, ageing primary energy suppliers, and the challenges it faces in a green energy transition.

On 15 June 2022, the Australian Energy Market Operator (AEMO) suspended the National Energy Market (NEM) for the first time since the market’s founding in 1998, in an unprecedented step to stabilise power supplies and prevent blackouts across Queensland, New South Wales, Victoria, South Australia, and Tasmania. A combination of planned and unplanned coal generator outages, coupled with high international prices for fuel and a cold snap in the eastern states, saw the two-week rolling average ...

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Authors: Peter Gothard, Barry Sterland,

Published Date: 08 September 2022