SYDNEY: Australia's energy regulator seized control of the national power grid on Wednesday , suspending a market-based system roiled by soaring prices and the threat of widespread blackouts.
But the market has been thrown into turmoil by a series of supply and demand shocks, and the regulator is now stepping in to set prices and marshal distribution. The supply issues have been exacerbated by a cold snap across the east coast, prompting calls from electricity providers for households to conserve energy.
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Top energy producer Australia braces for blackouts
Source: STForeignDesk - 🏆 4. / 71 Read more »
Top energy producer Australia braces for blackoutsSYDNEY: Australians have been warned to expect blackouts across the densely populated east coast on Tuesday (Jun 14), as an energy crisis grips one of the world\u0027s biggest coal and gas producers. Australia\u0027s energy market regulator warned there could be a power shortfall in the states of Queensland and New
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Top energy producer Australia braces for blackoutsSYDNEY (AFP) - Australians have been warned to expect blackouts across the densely populated east coast on Tuesday (June 14), as an energy crisis grips one of the world's biggest coal and gas producers. Australia's energy market regulator warned there could be a power...
Source: thenewpaper - 🏆 7. / 63 Read more »