Australian Energy Minister Chris Bowen has said that the country’s energy grid can be sheltered from further blackouts and load shedding as New South Wales and Queensland just experienced brief shortfalls in electricity supply.
Although the energy shortages were lifted overnight, Bowen said the upcoming months would be a challenging period.
Power availability in the two Australian states was at risk on June 13 after wholesale electricity prices shot up, forcing authorities to impose a $300/MWh (US$208/MWh) price cap.
This resulted in some power suppliers halting their operations, which caused the Australian Energy Market Operator (AEMO) to step in and require energy companies to continue to supply electricity even if it was not profitable….