As July drew to a close, rays of light penetrated from the 2022 Energy Crisis. Market conditions are easing, but it may be a temporary phase emerging from the winter.
The month of June has been extraordinary, with administered prices invoked across the NEM, market suspension and financial pain being felt by consumers and some industry participants.
The Energy Security Board has released the high-level design for a Capacity Mechanism, but where is the discussion around renewable powered electric vehicles?
The energy market in the NEM has now progressed from extraordinary to crisis, thereby becoming a topic of discussion at Sunday BBQ’s and Board Rooms across Australia.
Australia has voted for a change of Government, and as the Labor Party settles-in living with the largest crossbench in history, the timing of the handover from the Coalition carries challenging circumstances. Energy prices are no exception.