Lemmy.World

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founded 1 year ago

ADMINS

Warnings Australia's energy transition 'out of control' as NSW market quietly melts down (www.abc.net.au)

submitted 1 month ago by [email protected] to c/[email protected]

1 comments fedilink

The NSW energy market quietly melted down this month. For some, it's a glimpse of the future (www.abc.net.au)

submitted 1 month ago by [email protected] to c/[email protected]

6 comments fedilink

In short: A meltdown in the NSW electricity market has prompted warnings that Australia's energy transition is off course.

Sustained extraordinary costs earlier in the month forced the market operator to step in and cap prices in NSW.

What's next? A huge NSW coal plant will be kept online longer but there are worries about a shortage of new capacity.