The Liddell coal-fired power station is pictured in the Hunter Valley, north of Sydney, Australia, April 9, 2017. Faced with soaring global energy prices, coal supply disruptions and outages at coal-fired power plants, the country's energy market operator has taken unprecedented measures to control electricity and gas prices and secure steady supply. Coal-fired power makes up about 65% of generation and gas 7%, with the rest coming from renewables. The market-based system is run by the Australian Energy Market Operator (AEMO). RECORD HIGH COAL, GAS PRICESSome power producers have been forced to secure coal and gas on the spot market, sending their costs skyrocketing at a time when global coal and gas prices are at record highs due to sanctions on Russia.

Source: The North Africa Journal June 16, 2022 23:52 UTC