The Australian Energy Market Operator (AEMO) has announced that it will end its extraordinary intervention in the national energy market following improvements in power supplies.
After a week of suspending the energy market, the AEMO said it would remove the suspension from 4 a.m. on June 23 as 4,000 megawatts of generation returned to the grid after outages.
“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.
AEMO said there would be no problem with the system used to schedule generation into the energy grid. Additionally, it would reduce the number of directions to generators….