The Australian Energy Market Operator has warned of immediate gas supply risks across south eastern Australian.AEMO says the risk of supply shortages on peak demand days is likely to stay in place until September 30.
The warning was sparked by a spike in gas demand following a cold spell, a lack of renewable power in recent weeks and an outage at the Longford gas plant in Victoria – the biggest source of gas in southern Australia. AEMO said the disruptions were of a "nature and magnitude" significant enough to threaten gas shortfalls on days of peak demand for the next three months or more.
At the same time, seasonal lulls in wind and solar output has led to a big increase in the amount of gas being burnt to produce electricity. Mr Wilkinson said the security of Australia's east coast gas market had been getting worse for years as investment in new supplies dwindled. In its notice, AEMO foreshadowed it may need to take measures to prop up the supply of gas to the east coast market, where the fuel is used by millions of households and thousands of often major businesses.
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