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Why Australia's Power-Grid Debacle Matters for Global Energy

  • Jun 23, 2022
Business News Network (BNN)

Facing the prospect of insufficient supply to meet demand, the national operator AEMO suspended the country's spot power market. Volts kept flowing to customers and lights stayed on, but the market itself was broken. Bloomberg Opinion's David Fickling described the event as “an extraordinary failure.” I think of Australia like I think of California, as a postcard from the future that ...

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