Power Consumption in Australia to Rise Amid Reliability Issues, an Industrial Info Market Brief

Australia is forecast to experience extreme weather conditions and heat waves until February, and electricity consumption will continue to grow. Australian Energy Market Operator (AEMO) has released warnings that the blackouts will be higher than usual in the country due to bushfires, as well as unplanned plant outages resulting from aging coal-fired stations. The 530-megawatt Loy Yang A unit, which returned to service last week after a 6-month outage, had to be shut down again due to installation failures and is expected to be back in service in a few days.