AER report into the suspension of the spot market in June 2022
The AER’s report into the June 2022 events is an important part of understanding the behaviour of the market and identifying potential improvements to ensure that generators have a greater incentive to supply during times of system stress. The Australian Energy Regulator (AER) has recently released its report into the market events that led to the suspension of the national electricity spot market in June 2022. The AER had received reports from stakeholders, including the Australian Energy Market Operator (AEMO), that generators were withdrawing capacity, causing AEMO to issue urgent directions to increase supply and mitigate the risk of blackouts. The investigation conducted by the AER revealed some concerning behaviour by some generators, along with some compliance issues from traders. The investigation found that some generators had little to no…