One Nation, One Grid: A problematic power equation

Concept of centralised electricity market sounds sensible in theory but is likely to be unworkable in practice

The emerging controversy over the creation of a centralised market for electricity demonstrates in microcosm avoidable tensions in federal relations. The concept of “One Nation, One Grid, One Frequency, One Price”, announced in October last year, is part of the National Electricity Policy of 2021, which proposes to double the penetration of short-term power markets by 2023-24. It sounds sensible in theory but is likely to be unworkable in practice for a variety of reasons. The intention of this policy is to reduce the price of power to the consumer, but the procedure by which this goal will be achieved