Last night's blackouts happened because we did not have enough generating capacity and we were unable to shed enough non-essential load.

The spot price reached $300,000 per MWh and that, according to market theory, should have substantially reduced demand. It didn't.

Read full article here

Source: nzherald.co.nz
Author: Bryan Leyland

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  • ben marriott
    published this page in News 2021-08-23 11:33:51 +1200