STX 8.82% 18.5¢ strike energy limited

A post from SN on LinkedIn, not a bad result for our gas...

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    A post from SN on LinkedIn, not a bad result for our gas $92.00gj

    This morning Strike Energy announced that it has been awarded 85 MWs of Certified Reserve Capacity on the SWIS for its fully integrated South Erregulla peaking gas power station for 2026. I thought I would point out the value of this project announcement today which ironically coincided with another period of maximum peak power prices in WA ($738 MWhr). Our peaker will use around 8 GJ of South Erregulla gas per MW which equates to a realised gas price for this event of around $92 GJ. Not a bad value add... I would encourage all Western Australians to educate themselves on how our power is generated, priced and the inherent volatility that is being created with the phase out of baseload coal in WA. Strike's gas peaker will pair perfectly with the State's vast renewables and batteries to ensure we keep the lights on and the economy running. Check out the new WA Wholesale Electricity Market dashboard here: https://lnkd.in/gUJkNjxT
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