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The New Daily
The New Daily
Business
Rod Myer

AEMO has taken over the national energy market. Here’s what that means

AEMO has taken over the national energy market to ensure supply and control runaway prices.

Australia’s energy crisis reached a high point on Wednesday when the Australian Energy Market Operator suspended the national electricity market to control runaway prices.

AEMO CEO Daniel Westerman said “this decision was made because it was impossible to operate the system under current conditions, while ensuring the reliable, secure supply of electricity to Australian homes and businesses”.

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