What you've observed is likely our warmest winter on record: https://media.bom.gov.au/releases/1177/warmer-and-drier-spring-forecast-after-warmest-winter-on-record/
Incoming is a warmer spring, the BoM on El Nino Alert, which would mean hotter, drier conditions that will both increase electricity demand (AC etc) and increase the unreliability of the East Coast coal fired power stations.
Net result likely greater electricity network peaking demands and TPS cranking.
Medium term renewables are not coming online as fast as wanted/to meet emission reduction targets. There's a lack of long duration battery storage, so peaking demand still viable for some time yet.
MGP will have BB met coal miners knocking on Davd Wrench's door to avoid Safeguard Mechanism penalties so capacity increase is almost certain.
For me, QPME directing the TECH project's energy supply is a big backstop for me (and hopefully financiers), both in terms of cost and reliability, which are key for heavy industry.
- Forums
- ASX - By Stock
- QPM
- Ann: QPME commences operation of Moranbah
Ann: QPME commences operation of Moranbah, page-8
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QPM (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.7¢ |
Change
0.003(8.82%) |
Mkt cap ! $93.28M |
Open | High | Low | Value | Volume |
3.5¢ | 3.7¢ | 3.5¢ | $89.60K | 2.498M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1311175 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 897316 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1311175 | 0.035 |
2 | 154514 | 0.034 |
3 | 280303 | 0.033 |
7 | 368907 | 0.032 |
4 | 366632 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 897316 | 6 |
0.038 | 670000 | 5 |
0.039 | 409404 | 3 |
0.040 | 346000 | 6 |
0.041 | 15467 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
QPM (ASX) Chart |