Trader, RVPS would address baseload supply, rather than peaking. The company has stated that demand for baseload is less than anticipated. I'd imagine that peaking would give a better return as well. A bit of research would tell you exactly where MEL's local generation gas would be going if RVPS doesn't go ahead or is scaled back. I don't think you realise just how much gas there is. Enough for local sales, power gen and export. Everyone wins.
5-10 PJ for local consumption. At $6 g/j that's $30-60 million p/a of gas for the Northern Rivers - a community that pays the equivalent to $25-35 g/j at present. Even at $20 g/j the community would save between 25 and 50 million per annum.
If you apply a wage figure of 50k per annum that equates to 500-1000 direct jobs. Direct. Not flow on. Direct. So please, continue to tell me how the local community won't benefit.
I will be taking up my full entitlement in the SPP.
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