The Latest Breaking News from AEMO

A South Australian manufacturing business reliant on wholesale electricity labels the national electricity market a "failure" after standing down 170 employees due to unaffordable operating costs.

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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.

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