Muristek
‘World of pain’: warnings of gas shortages amid soaring power prices add to Australia’s energy woes
Aemo has identified a possible shortfall of gas supplies on Thursday in Victoria, SA and Tasmania amid ongoing burst of cold weather
Follow our Australia news live blog for the latest updatesGet our free news app; get our morning email briefingAustralia’s energy woes are mounting with the market operator warning of potential gas supply shortages on Thursday, one of the largest generators issuing a profit warning and more retailers turning away customers as wholesale power prices soar.Just hours after new treasurer, Jim Chalmers, warned of “this perfect storm of energy price spikes … doing enormous damage to our employers, to our households, and to our national economy,” spot power prices were soaring towards $1,000 per megawatt hour in most of the east coast grid after an alert – now cancelled – that Victoria was facing evening reserve shortages.
More concerning, though, was a separate warning by the Australian Energy Market Operator (Aemo) that it had identified a possible shortfall of gas supplies in Victoria, South Australia and Tasmania on Thursday amid an ongoing burst of cold weather.
Continue reading...