Australian Energy Market Operator signals it will likely end its market intervention this week

Australian Energy Market Operator signals it will likely end its market intervention this week

The unprecedented suspension of Australia’s east coast energy market could be lifted as early as Thursday but the market operator is warning the challenges managing supply and demand may continue.

The Australian Energy Market Operator (AEMO) last week seized control of the east coast energy market for the first time in its history after days of volatility put several states at risk of blackouts.

The federal government backed the intervention, acknowledging the energy market had effectively failed, and credited the AEMO with successfully managing to avoid both blackouts and load shedding as temperatures on the plummeted east coast.

But after a meeting with the energy sector today, guidelines have been drawn up for a “staged process” to resume regular operations, with the AEMO suggesting the suspension could be lifted as early as Thursday.

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