How did the Electricity markets in Western Australia avoided this energy crisis problem which the eastern states of Australia could not avoid? Explain The Electricity Markets in Western Australia: How Did They Avoid the Energy Crisis?

The Electricity Markets in Western Australia: How Did They Avoid the Energy Crisis?

The energy crisis of 2016-2022 was a period of electricity shortages and price increases across Australia’s eastern states. These states, which include New South Wales, Victoria, and Queensland, experienced significant constraints on their electricity supplies. This crisis was the result of the closure of several coal-fired power plants, and the lack of sufficient investment in new renewable energy sources. Despite this, Western Australia was able to avoid the majority of the impacts of the energy crisis. This was achieved through a combination of factors, including the strength of its economy, its access to gas, and its commitment to renewable energy sources. Firstly, the strength of the Western Australian economy meant that it was able to avoid the worst of the energy crisis. As of 2019, the state’s GDP was stronger than both New South Wales and Victoria, and its unemployment rate was lower than the national average. This allowed it to fund investments in renewable energy sources and to more easily transition away from the use of coal (Gilbert, 2018). Secondly, Western Australia had access to significant. Cont…