Following fears of power blackouts last night, Queensland and New South Wales’ electricity demands have brought forward a large shortage for residents of the states.
The lack of availability comes after the cost of power has been increasing at a greater speed than ever before, resulting in the Australian Energy Market Operator (AEMO) to step in and impose price caps in Queensland, New South Wales, Victoria and South Australia.
During this morning’s statement issued by AEMO, “some generators revised their market availability in New South Wales and Queensland for today. This has contributed to “forecast supply shortfalls, along with generation units being offline for planned maintenance and repairs,” it said.
Residents of New South Wales and Queensland have been warned that they might have to brace for a “supply reserve shortfalls” this evening between the hours of 5 pm to 9pm.
Queensland is bracing for a problem tonight, between the hours of 5pm to 9pm.
In NSW, the situation will peak this evening between 5.30pm and 8.30pm.
“AEMO will take further actions to improve electricity reserves, including directing generators into the market, which helped meet electricity shortfalls in Queensland and New South Wales yesterday,” it stated early this morning.
To put into simple terms, both Queensland and NSW are said to be experiencing an energy shortfall- demand exceeding reserve supply Tuesday evening.
On Monday, AEMO said that there is a lot of physical generation capacity in Queensland, but price caps have reduced the availability of power generators.
According to 9News, Danny Price from Frontier Economics says that “there’s literally no spare capacity in the Queensland region, there’s just enough supply to meet demand but it can’t cope with any more outages or any contingencies of of any kind power.”
Late on Monday, NSW Treasurer Matt Kean said he had been receiving regular briefings from AEMO.
Should I be worried?
Energy Consumers Australia calls for residents to contact your retailer as soon as possible to find out about the best deals available.
A spokeswoman for the consumer group Choice, Katelyn Cameron says to “ask what they’ll offer you to stay with them, so tell them you’re looking for a better deal and see what they can do for you.”
According to the ECA, retailers are regally obliged to offer payment options to elevate financial stress.
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