Apart from this, the total compensation bill from last month’s power crisis, when the market operator scrambled to avoid blackouts in NSW and Queensland, is expected to top $1 billion. Some experts predict it could be as high as $1.7 billion.
Under RERT, contracted companies are either paid to cut their power use or provide alternative supplies, such as diesel standby, to the grid.Tennant Reed, AiGroup head of climate, energy and environment policy AEMO last year paid almost $100 million in compensation to generators after directing them to put more supply into the market or ensure the grid was stable – especially in South Australia, which is reliant on renewable energy.
they should not be able to claim compo Price control was necessary in an emergency