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Hundreds of thousands of customers were left without power as wild summer storms and searing heat took a toll on Victoria’s grid, requiring “load-shedding” to keep the system stable.
Wind and solar farms are losing more market share than coal power stations when the rooftop solar panels fire up and send prices to zero or below.
The fresh low for electricity from coal came as demand for grid power also hit a new low, compounding the pressures from renewables on traditional generators.
Some large east coast producers are not intending to meet the government’s request for commitments by Monday on domestic gas supply and price.
The Australian Energy Market Operator said there was no interruption to electricity supply as a result of the disruption on Saturday afternoon.