Energy market operator to investigate breakdown that triggered suspension and energy crisis

Aemo says it ‘wants to understand comprehensively the lessons learned’, with trading to resume at 4am on Thursday

The operator of Australia’s main electric grid plans to conduct a “detailed investigation” into the breakdown of the country’s wholesale power market that triggered an unprecedented suspension during last week’s energy crisis.

The Australian Energy Market Operator said on Wednesday it plans to resume trading in a two-stage process starting with the market setting prices again from 4am AEST on Thursday. After monitoring conditions for 24 hours, Aemo will decide whether the market suspension will be formally lifted.

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