By Sophie Boot Two days of extreme temperatures in January cost A$34.2 million, as the Australian Energy Market Operator used its reliability mechanism to avoid more extensive power cuts. AEMO today released its incident report for January 24th and 25th, when hot weather in Victoria and South Australia strained the grid to the point of power cuts in Victoria on both days. In the reports, AEMO says the total cost of running the Reliability and Emergency Reserve Trader (RERT) function - through which it can contract power reserves in advance - was A$30.6 million, with another A$3.6 million compensation payable to market participants. That equates to A$3.20 per residential customer in Victoria, and 80 cents per customer in South Australia.
Cost of RERT in January heatwave topped $34m
Cost of RERT in January heatwave topped $34m
Cost of RERT in January heatwave topped $34m
By Sophie Boot Two days of extreme temperatures in January cost A$34.2 million, as the Australian Energy Market Operator used its reliability mechanism to avoid more extensive power cuts. AEMO today released its incident report for January 24th and 25th, when hot weather in Victoria and South Australia strained the grid to the point of power cuts in Victoria on both days. In the reports, AEMO says the total cost of running the Reliability and Emergency Reserve Trader (RERT) function - through which it can contract power reserves in advance - was A$30.6 million, with another A$3.6 million compensation payable to market participants. That equates to A$3.20 per residential customer in Victoria, and 80 cents per customer in South Australia.