{"id":498542,"date":"2022-06-16T10:05:27","date_gmt":"2022-06-16T04:35:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=498542"},"modified":"2022-06-16T10:55:25","modified_gmt":"2022-06-16T05:25:25","slug":"australia-power-market-halted-in-dramatic-move-to-avert-blackouts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/australia-power-market-halted-in-dramatic-move-to-avert-blackouts\/","title":{"rendered":"Australia power market halted in dramatic move to avert blackouts"},"content":{"rendered":"<p>Australia\u2019s energy market operator took the unprecedented step on Wednesday of suspending the electricity spot market across eastern Australia to ensure it can keep the lights on, amid a string of outages at coal-fired plants.<\/p>\n<p>The dramatic move came after the operator capped wholesale prices on Monday as required when they exceeded a set threshold, which led some generators to withhold supply as they could not cover their costs at the capped price of A$300 per megawatt hour (MWh).<\/p>\n<p>That forced the market operator to order generators to supply 5 gigawatts (GW) of power, which they had not offered into the market on Tuesday, to avert blackouts in two states \u2013 New South Wales and Queensland.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia\u2019s energy market operator took the unprecedented step on Wednesday of suspending the electricity spot market across eastern Australia to ensure it can keep the lights on, amid a string of outages at coal-fired plants. The dramatic move came after the operator capped wholesale prices on Monday as required when they exceeded a set threshold, which led some generators to withhold supply as they could not cover their costs at the capped price of A$300 per megawatt hour (MWh). That forced the market operator to order generators to supply 5 gigawatts (GW) of power, which they had not offered into [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-498542","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=498542"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498542\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=498542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=498542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=498542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}