Energy market operator intervenes to prevent gas shortage as Victorian reserves fall
The Australian Energy Market Operator (AEMO) has stepped in to prevent a potential gas shortage in Victoria, the state’s energy minister said. Key points: Energy market operator AEMO says guaranteed gas supply will ensure transparency in the market The Victorian government has ruled out lifting the wholesale gas price cap in response to pressure on supply State opposition calls for reduced gas exports from Victoria Victorian Energy Minister Lily D’Ambrosio told ABC Radio Melbourne that AEMO triggered a gas supply guarantee on Tuesday afternoon, as reserves at storage facilities in the state’s southwest continued to fall. “That means they will have greater visibility of gas sales and supply across markets including Victoria but in other states, to get transparency here,” he said. “When you get more transparency in the market, the market starts to change its behavior, and to be honest, the market has slipped too much here. “More visibility means, as it did in April [when the guarantee wa