The National Electricity Market was originally designed to make Australia’s energy system more resilient – and therefore cheaper – by connecting the previously disparate state-based systems via transmission lines, ensuring surplus energy could be sold from one area to another when it was in short supply.
The inadequacy of our market-based energy system and the lack of preparation, vision, and long-term planning has just been demonstrated – graphically – by the collapse of the energy market yesterday, culminating in AEMO’s decision to suspend training until energy generators learn to play nicely.
