Energy Market Failure: What does it mean with Katharine McKenzie? | Nucleus Investment Insights

The National Energy Market failed this week, so we invited Western Australian energy expert Katharine McKenzie on to get her thoughts. Katherine runs an energy consultancy after years working for the West Australian government on energy policy, including decisions not to join the National Energy Market.
There are effectively 3 energy markets in Australia:
  • Western Australia where wholesale prices averaged $68/MWh over the last week.
  • Northern Territory where wholesale prices are around $70/MWh
  • The rest of Australia where wholesale prices were fixed at $300/MWh because they were spiking into the thousands and then the AEMO had to step in to force production

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Sam Kerr is a Senior Financial Advisor at Nucleus Wealth.

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