Keeping blackouts at bay
On June 15 this year, Australian Energy Market Operator (AEMO) suspended trading across the country’s east coast electricity power network as it faced an increasingly volatile situation. AEMO was set up in 2009 and this is the first time the operator took such drastic action across the entire network that it manages. There has been much debate and discussion on the causes ranging from the onset of winter to the war in Ukraine and maintenance shutdowns at power stations. While policy makers, regulators and power generators grapple with the situation, consumers are being asked to better manage their consumption. The conversation is evolving from generating more energy to better managing the energy we produce. With domestic consumption, energy transmission terminates at the premises of the end consumer. In the current situation, a lot is being asked of this often-neglected group. They are being requested to reduce consumption by shutting down appliances in certain times or use them outside peak periods. Customers have also been warned about potential blackouts. Current policies around demand management are focused on industrial plants and other large energy consumers, and these are governed by clear policies and processes. Consumers meanwhile are bracing themselves for energy price hikes and power cuts. Fortunately, technology has advanced and, when implemented, can give consumers more visibility and control over their energy usage. A good example is Sense, which has developed AI that runs on smart meters. Over two million Sense-enabled meters have been announced in the US and this technology is now coming to Australia. Their machine-learning algorithms can assess domestic electricity right down to the appliance level in real time. According to a directions paper released by the Australian Energy Market Commission (AEMC), only 25 per cent of premises in New South Wales, Queensland, South Australia and the ACT […]