Extraordinary market suspension to be lifted by Australian energy market operator

Following improvements in power supplies, the Australian Energy Market Operator announced it would end its extraordinary intervention in the national energy market.

As 4,000 megawatts of generation returned to the grid after an outage, the AEMO removed the suspension on June 23 at 4 a.m.

“The first step is that at 4 a.m. tomorrow, we will allow the market to set the price again,” AEMO chief executive Daniel Westerman said.

Energy grid scheduling system won't pose any problems, according to AEMO. In addition, the system would reduce the number of directions to generators.

On June 21, the AEMO had a meeting with the energy industry to discuss the process of returning to normal operation for the Australian electricity market.

After monitoring the suspension for 24 hours, the market operator will lift the suspension completely as part of the second step of the plan.

22 June 2022