Suspension and updates of Australian Market

On Wednesday 15th June 2022 at 2:01pm AEMO (the Market Operator in Australia) intervened on the entire wholesale market in a first ever seen before event, suspending all trades. Just two days prior, on Monday 13th June 2022, after several peaks of 15.1k AUD/MWh during prior days, the Market had reached the “Cumulative Price Threshold” (a total limit amount in the wholesale for energy sales over a period of time), which in turn triggered the market price to be capped under the “Administrative Pri...

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