Australia's biggest electricity users will be able to get paid for reducing power demand during peak times, easing the load on the grid and potentially cutting "costs for everyone".
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| It's been a long time coming but a demand-side response market could be operating in the National Electricity Market by mid 2022. |
The Australian Energy Market Commission will unveil on Thursday its draft decision to introduce a so-called demand response mechanism to operate in the east coast's wholesale electricity market.
The mechanism, first touted in the Parer review almost two decades ago, is scheduled to start in July 2022.
Read the story from The Age by Peter Hannam - “‘Vital development': Market to pay big users to cut power gets green light.”
(Again, we head down the wrong path as we continue using public money to benefit private enterprise. Rather than adhering to market solutions to what is a social problem, we should be looking at the issue through a different prism and settling on systemic changes that reduce and limit production which in turn would lower energy demands. Some have argued that our consumptive habits are not necessarily the trouble, rather it is the over-production in most every industry - Robert McLean)
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