Australia's Electricity Market Most Volatile Globally Due to Supply Disruptions and Lack of Storage
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Australia's power market is the most volatile globally due to supply issues like coal plant outages and transmission line problems.
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Price spreads in Queensland and South Australia see the widest fluctuations worldwide.
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Volatility is driven by unplanned coal power plant outages, transmission line issues from natural disasters.
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Solar power pushes prices down in daytime but gas power causes evening/night price spikes.
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Australia needs more storage and enhanced transmission to create a stable, affordable electricity market.