Littleproud didn't get the memo, page-13

Over the past 11 years, there has been a near-perfect correlation between natural gas prices and electricity prices in Australia’s National Electricity Market (NEM), regardless of the underlying supply-demand balance and despite gas plants only operating for a small percentage of the year.

https://blog.energy-insights.com.au/gas-v-electricity-will-the-price-correlation-continue