QLD devoured by own energy monster

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This is stark raving mad:

Brisbane’s coldest July day for 30 years, a plant outage and cloudy weather that cut generation from solar panels have combined to once again drive extreme spikes in wholesale prices in Queensland that could lead to the renewed suspension of the National Electricity Market.

The Australian Energy Market Operator was forced to urgently call for emergency generation supplies on Tuesday afternoon as it worked to keep the lights on for a four-hour period later in the evening, as reserves fell short amid ongoing outages at coal power plants.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.