The regulator is ordering generators back into the market to avoid blackouts
Eastern Australia faces another day of electricity shortages requiring regulators to order generators back into the market to avoid blackouts as a long cold snap rolls on.
The Australian Energy Market Operator (Aemo) late on Monday introduced price caps of $300/megawatt-hour for the wholesale power market in the four mainland states in the National Electricity Market after prices exceeded thresholds that trigger limits.