The Latest Breaking News from AEMO

You can thank Margaret Thatcher for the gas supply crunch Australia’s east coast has been plunged into. As UK prime minister, Thatcher led the charge to kick the government out of the economy and allow the market to rule. In Australia, governments took up the idea with enthusiasm through deregulation…

Australia's energy operator made a massive move on Wednesday, and that's keeping blackouts at bay — for now. So how did we get here? And what's coming next?

Energy Minister Chris Bowen says the government fully backs the unprecedented energy market takeover by the regulator, adding there is no time line on how long it will last.

Experts say the state's brown coal reserves could provide a "safety net", but ageing power plants and instability from the interconnected national energy market may still pose a threat.

After days of power uncertainty, the Australian Energy Market Operator yesterday declared it was suspending the spot market for electricity. So what does that mean for ordinary Australians?

Anthony Albanese's government is monitoring the energy situation closely to determine what changes need to be made to improve how the market operates.

Australia's energy crisis reached a high point on Wednesday when AEMO suspended the national electricity market to control runaway prices.

Australia’s energy market operator has just suspended the National Electricity market. That means instead of the price for wholesale electricity being set competitively, the market operator (AEMO) sets fixed prices and will take a greater role in directing which power stations generate energy and when.

A number of NSW coal-fired power stations remain offline and residents of NSW will need to conserve power so the state can get through the night.

Get up to speed on today's headlines with The Loop.

"It has become impossible to operate the spot market in accordance with the provisions of the rules," the operator said.