Friday’s announcement will be negligible impact for any ASX-listed coal company, noting that it is not yet clear how they will force (and who they will force) to sell any uncontracted top-up purchases to generators at $150 if that need arises (which is likely). Very unlikely to be TER though as we are just not a logical supplier for that
beyond this announcement though, I think there is still a risk of further intervention of some kind. I think is unlikely to be material though… some kind of mechanism for minor dodgy skimming of high export revenues, without it being significant or blatant enough to upset trading partners. Something that appears at a cost line level rather than a revenue reduction
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