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The big battery being used to push electricity prices to the market cap | RenewEconomy
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Maybe this could be fixed by a rule change. The national electricity objectives state that the system should operate in favour of lower costs.
I would assume that gaming the system to raise costs would run counter to that.
A government-owned and operated battery could be an option. This would limit the extent to which the other providers could capitalise on the spikes in demand and provide a solution that is not aimed at generating maximum profits.
I am doubtful. More rules have been added for years and years but the players still find ways of gaming. I suspect the core premises of the system are not optimal.
I do not disagree with you there! NEM is like a band aid pyramid now