I found this part of the update interesting:
"KS1 revenue totalled $1.5M from net generation of 27,857MWh of renewable energy for the Quarter, representing an average price of $54/MWh;KS1 experienced continued economic curtailment during the Quarter. However Genex has been able to minimise this impact through optimisation of its bidding strategy".
The QLD government guarantees a floor price of something like $80+ / MWh (in return for the certificates), so not sure how/why the average price would be $54? And is it mandatory for KS1 to be curtailed even if the price goes negative, given the floor price QLD gov is contracted to pay us?
(And I'm not sure the "However" above is disingenuous. I assume it means we basically lost money if the battery was standalone).
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-4
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