come on mate, anything prior to late August is a question for...

come on mate, anything prior to late August is a question for Arrow not QPM. According to my notes, just 3Tj/day was available in August/September. This has to restrict operations. Yabulu2 didn't get switched on in August or September 23.

Yes, there is competition but TPS is at it's most competitive at the lower of it's two price points, ie when operating in dual cycle. Go into October 23, gas supply is up to 7Tj/day, generation doubles compared to August, and is 50% up on September, Yabulu2 contribution is around 13%. Fast forward to February 24, generation is up 800%, Yabulu2 is at around 25%. There have been periods where we operated TPS 24/7 for several days which encompasses the entire spectrum of highs and lows in terms of pricing. Some of that time, we had to be operating at a loss. But, overall the marginal losses were well offset by the times we operated at marginal profit, and then excellent revenue has been made in the times of above average pricing.

The general pattern, which I expect will be the norm moving forward, is to fire up Yabulu early afternoon, get the heat up, and be operating in dual cycle by the time renewables exhaust themselves which is, unsurprisingly, about sundown. Pricing at that time is predominantly above break even, and sometimes it's as high as the cap. Some days are great, others are awesome, as we can see. But, without the right amount of feedstock, that just can't be achieved.