The sickly state of the National Electricity Market

Alan Moran, The Spectator Australia, 26 February 2020

This year’s annual report from the regulatory collective that is the Energy Security Board awards itself gongs for overseeing a (temporary) spot price decline and assembling an armoury if new tools to prevent catastrophe from a system poisoned by renewable energy subsidies. Unfortunately, it declines to illuminate the additional costs this has entailed, preferring instead to give cover to the politics behind the demise of the industry’s efficiency.   ​

The report is a consensus by the peak energy body itself and its three sister regulators, the Australian Energy Market Commission, which has custody over the market rules; the Australian Energy Regulator responsible for setting network prices; and the Australian Energy Market Operator (AEMO), responsible for scheduling supplies and ensuring supply/demand balance. It addresses the “challenge” to:  ….. READ MORE