[Shiraz (Ray)]

Originally Posted by gary

The Australian Energy Market Operator (AEMO) Market Notices are indicating
today potential shortfalls of power tomorrow (Friday) for Queensland and
NSW.

AEMO's weather forecast service provider has issued temperature forecasts
"equal to or greater than the Generation Capacity Reference Temperature".

Blackouts may occur in NSW and Qld on Friday afternoon as there is a
forecast shortfall in power generation capacity as everyone switches on
airconditioning.




Similarly in South Australia, AEMO, has issued another Market Notice
and are "seeking a market response".

Notices here -
https://www.aemo.com.au/Market-Notices

Article in SMH here -
http://www.smh.com.au/business/energ...08-gu8rv5.html

Originally Posted by gary

In the United States in the early 90's, a character by the name of
Kenneth Lay was one of those who lead the push for the US to create
an electricity energy market.

Lay was the CEO of the now infamous Enron.

In 2000 and 2001, what became known as the "California energy crises"
resulted in California having a shortage of electricity and blackouts
caused by an artificial shortage illegally orchestrated by Enron.

Energy traders intentionally took capacity offline for "maintenance" on
days of peak demand to raise the market price.

The deregulation of California's energy market made it possible and the
blackouts affected millions of people and businesses.

Many will remember the 'Enron scandal' that resulted in Enron going
bankrupt and Kenneth Lay being indicted by a grand jury and being
found guilty of securities fraud.

Lay died of a heart attack whilst on vacation awaiting sentencing.

Many Electrical Engineers had warned that the power grid had been
engineered with the primary goal of reliability and warned it had
not been designed to become a dynamic platform for market traders.

good info Gary. Private industry has no incentive to stabilise the supplies when they can make a killing out of selling spot power at huge prices. Now the coal industry is using their press and Canberra mouthpieces to blame the outages on the lack of coal power - forget that we have an over-abundance of gas generators sitting idle and that it's all down to market manipulation. They speak with forked tongues. Weatherill has finally started to talk about re-nationalising the whole failed experiment - either full nationalisation, or the state buys a gas generator to put it on line when needed to keep the bas@#$@s honest. can't come soon enough.

meantime, it sure is hot.