Now that’s the wholesale price is capped at $40 does this mean as much?
Not aware how the mechanism truely works but my train of thought has shifted to why should we be capped if the powers of supply and demand dictate a higher price than $40? Seems like the local domestic producers gets a shackle put on their leg. Why the big majors get to still sell any excess gas on the spot to overseas customers?
I have not had my first coffee so I could be speaking out of tongue? Tell me to zip it if I’m way off the thought bubble?
News: COE Cooper Energy Issues Revised FY22 Production Guidance Of 3.3-3.4 MMBOE, page-3
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