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Power industry fires warning as states splinter on landmark reform

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Energy Minister Chris Bowen is leading talks on changes aimed at bolstering the troubled energy system in the future. auspol energy

“We look forward to providing a detailed response to the ESB and contributing to the discussion on the best form of a mechanism.”

Greens leader Adam Bandt said on Monday the ESB’s proposal should be ripped up and done again because it was designed for a “broken” electricity market designed to benefit existing large-scale electricity generators. The east coast electricity system was thrown into chaos last week forcing the Australian Energy Market Operator But supply has come surging back, with around 4000 gigawatts, or about one-fifth of the electricity grid’s average demand, coming back online in the past week following the withdrawals, planned outages and some technical failures at coal-fired power stations.

 

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