AEMO released Compensation Update for June 2022 events

Posted by Paul McArdleThursday 18th August 2022  1:28 PM   Topic: 2022 - June - QLD (12th) and NSW, SA and VIC (13th) hit Cumulative Price Cap, 2022 Energy Crisis, Winter 2022 in the NEM

I’d been looking out for this update until Allan flagged it here, so I thought it would be worth sharing with our readership the AEMO update on compensation for the June events:

2022-08-15-AEMO-Compensation-June2022

With reference to the above, it’s useful to reiterate that:

1)   One part of this report relates to AEMO directions during the events of June 2022 (i.e. the APC period continuing into Market Suspension);

2)  There are other compensations that the AEMC are determining; and that

3)  There are (at least!) two different theories for why such a large volume of capacity was withdrawn from the NEMDE pricing run.

I’m guessing that this will be read with keen interest!  On that note, Daniel Lee has something more comprehensive coming…

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About the Author

Paul McArdle
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients. Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.

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