the gas glut that never really was, page-14

carbon tax is a while off.

energy prices rising, is a good thing for our business?

the 20 by 2020 MRET is only good for Renewables - of which Gas is not. This will rise prices.

This is 45,000GWh per year by 2020.

The way it works is that wholesale purchasers MUST purchase this much energy from the market. The market for non-renewables actually shrinks and they are not able to access the higher priced renewables market..so be careful about assuming that a price rise is just flat out good for us. we fight best in a low carbon environment, not an MRET.

Any chance ESG can rebagde themselves as a 'miner' and sell our Waste Coal mine gas (CSG) under the MRET :)

Ok perhaps not.

I still think that ESG is better off under Coalition with no PRRT applied and the same prospect of and ETS as with labor. not to mention the coalition does not have a policy that overtly seeks to destroy the CSG industry.

Sorry for the pessimism folks.

SF