Beetaloo or bust: the route to commercial success for an Australian shale play, page-30

Reality is kicking in.


Since 2020, wind power capacity has increased by about half, or almost 4000 megawatts, but total production of electricity from wind this June quarter may only be up about 15 per cent, the analysis finds. In fact, June quarter wind generation in the NEM may be the lowest since 2017, it said.

Gas prices have since retreated from the highs of around $28 per gigajoule seen late last week, but were still elevated on Monday at about $19 a gigajoule in Sydney and more than $17 a gigajoule in Melbourne. That compares with prices averaging around $12 to $12.50 per gigajoule earlier this year, industry sources said.