9News: Crisis Averted

Peter Overton: It was hard to miss last week’s wintry weather. What you didn’t see, was our almost frozen electricity supply

A power crisis was narrowly avoided but it shone a light on the weaknesses in the network.

Ross Greenwood: As you sat down watching 9News last Friday, it was cold – 15 degrees in Sydney and raining…an unseasonal early winter.

Now, like most, you turned on your heater on – but that action again exposed the weakness in our electricity supplies.

At 6.30pm last Friday, wholesale electricity prices momentarily spiked 20 times above their level.

Now, you’ll pay for that eventually in your next bill.

The energy regulator, AEMO, says there were no blackouts but it admits there was a lack of reserves in New South Wales. In other words, it was close.

The shortage was caused by severally coal-fired power stations down for regular maintenance. Now, this is typical this time of year, before the Winter peak.

But three others – two confirmed by 9News as Energy Australia’s Mount Piper and Sunset Power’s Vales Point – had unscheduled outages.

And because of cloudy weather, solar – at home and at commercial solar farms – didn’t help.

But their small compared to the coal-fired power stations. AEMO says last week’s events are a sobering reminder adequate resources need to always be available.

The cold snap…caught them out.

Sadly, it could be a common story.


9News: Real Estate giants in crisis .

Cricket Crisis: ‘A disaster of their own making’

Interviewed  Audrey Zibelman, CEO, Australian Energy Market Operator titled ” How did the energy grid cope with soaring temperatures? .”

Interviewed  Jack Archer, CEO, Regional Australia Institute titled ” Is Australia experiencing a growing pension crisis? .”

Interviewed  Josh Frydenberg, Minister, Energy and Environment titled ” Can the energy crisis be fixed? .”

Interviewed  Josh Frydenberg, Minister, Energy and Environment titled ” Will there be blackouts this summer? .”

Interviewed  Lindsay Partridge, CEO, Brickworks (ASX:BKW) titled ” No Faith In Government To Solve Energy Crisis .”

Interviewed  Matt Howell, CEO, Tomago Alluminium titled ” Energy Crisis – Top end corporate electricity user speaks out .”

Interviewed  Matthew Warren, CEO, Australian Energy Council titled ” Will Liddell closure put our power at risk? .”

Interviewed  Stephen Anthony, Chief Economist, Industry Super titled ” How the housing crisis is changing the Australian dream .”

Interviewed  Stephen Marshall,  Opposition Leader,South Australian  titled ” Will there be a deal with Xenophon? .”

Interviewed  Steve Ingram, Asia Pacific Cyber leader, PwC titled ” Hundreds of Australian companies under Russian cyber attack .”

Interviewed  Tony Wood, Energy Program Director, Grattan Institute titled ” Should Alinta get back into coal-fired power? .”

Money Minute – November 14 2017 Crisis Bites .

Money Minute – November 24 2017 Myer Crisis Meeting .

Money Minute – October 10 2017 Energy Crisis Underway .

Previous: Newsletter – June 8 2018
Next: The lights almost went out in New South Wales

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