Excellent research report on the East Coast Gas and Electricity prices by CBA -
https://www.commbankresearch.com.au/apex/researcharticleviewv2?id=a0N4y00000mCZQF
They forecast gas prices to remain elevated to 2025 and the increasingly likelihood of domestic prices to continue tracking international LNG netback prices into the future. Aligns with the thesis of a messy east coast transition to renewables, as well as extended tightness in international gas markets.
Interestingly they reference Origin recently offering fixed price GSA's at $20 - $30/GJ (CTP are currently around $9-$10/GJ citygate equivalent), and expect GSA to be significantly higher going forward. Thats definitely a good sign for CTPs GSA, and potential for these to be offered on the spot market if buyers are unwilling to commit.
