The Australian Energy Market Operator (AEMO) published their annual Electricity Statement of Opportunity (ESOO) on 5 September 2017. The report highlights that both Victoria and South Australia could face involuntary load shedding during the 2017-18 summer.
AEMO points to ‘radically changing dynamics of the power system’ which has resulted ‘in a tight supply-demand balance’. It also points out that the responsiveness and resilience of the system is under threat from plant closures and extreme weather event.
AEMO is concerned that both Victoria and South Australia could face enough involuntary load shedding that the reliability standard cannot be met. This means that AEMO is unable to dispatch the market to keep unserved energy under 0.002% for the financial year. The report also shows an increasing amount of potential load shedding for New South Wales starting in 2022-23 when Liddell Power Station is expected to retire.
Figure 1 Range of Unserved Energy Outcomes
If you would like to read more about what the outlook means for your business go to AEMO’s website.
If you would like to discuss the findings of the report, contact Edge on 07 3232 1115.