Original article by Mark Ludlow
The Australian Financial Review – Page: 1 & 2 : 3-Jan-20
The Reliability and Emergency Reserve Trader (RERT) scheme is not the solution to Australia’s power supply problems during the summer months. This is according to Audrey Zibelman, the CEO of the Australian Energy Market Operator, which manages the RERT. Under the RERT, which costs power costumers as much as $40 million a summer, AEMO pays large power users to cut their production in an effort to avoid blackouts. The Energy Security Board is investigating a longer-term solution to the RERT as part of its 2025 market design review.
AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, AUSTRALIA. ENERGY SECURITY BOARD