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ARTICLE · 13 JULY 2022

Unprecedented AEMO intervention in the NEM: what might the future hold for battery and renewables projects?

Corrs Chambers Westgarth
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The AEMO suspension of the NEM wholesale market on 15 June 2022 was the first since its inception in 1998.

AustraliaEnergy and Natural Resources
Anthony Arrow
Anthony Arrow
Trevor Thomas
Trevor Thomas
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The Australian Energy Market Operator's (AEMO) suspension of the National Electricity Market (NEM) wholesale market on 15 June 2022 was the first since its inception in 1998.

The suspension followed other unprecedented market interventions by AEMO. In preceding weeks, cumulative high price thresholds set under the National Energy Rules (NER) were hit, triggering administered price caps on wholesale electricity and gas across multiple states.

Although the suspension has now been lifted, current market pressures increase the likelihood that such drastic measures may be implemented more frequently. This may have wide-ranging implications for battery and renewables projects alike and should remain front of mind for contracting parties.

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