Prices highly volatile as NEM resumption nears
The risk of crazy-high wholesale power prices has not gone away despite the restart of coal power units that mean the market suspension may end on Friday.
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The risk of crazy-high wholesale power prices has not gone away despite the restart of coal power units that mean the market suspension may end on Friday.
The energy market operator sees positive signs for the electricity grid after it dodged rolling blackouts across the east coast last week.
Australia’s first community-owned renewables supplier Enova has gone into administration while at the big end of the market, EnergyAustralia has been hit with heavy losses.
Two coal-fired power station units returned to service over the weekend, bolstering electricity supply to the beleaguered east coast market.
Big businesses are warning a clean energy plan where states decide the fate of fossil fuels in their jurisdictions will hit industry with added costs and rules.