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November 29, 2017 - 3:13 PM
The Australian Energy Market Operator (AEMO) advises that high November temperatures across South Australia and Victoria have resulted in AEMO issuing Lack of Reserve (LOR) notifications to the energy market.
A forecast LOR 1 notification has been issued in South Australia, and a forecast LOR 2 notification has been issued in Victoria for the evening peak demand period (from 4:30PM AEDT), signalling a reduction in pre-determined electricity reserve levels. These notifications provide an indication to the market to encourage more generation. At this level, there is no impact to power system security or reliability.
“This scenario is exactly what AEMO has planned for in our summer readiness plan,” said AEMO Managing Director and Chief Executive Officer, Audrey Zibelman.
“As widely reported over the last two days, AEMO has procured generation and demand response reserves that can be activated if the need arises,” said Ms Zibelman.
AEMO is closely monitoring the situation.