If the forecast Vic electricity demand had really been reached yesterday ... the Nova gas/surg generator acquisition would have made a heap of $’s (AFR reported Vic price futures went to VoLL/MPC cap of $14,500/MWhr). Shame for PEA - good for Vic I suppose.
Anyone done any analysis on how much of PEAs generation is connected to the grid and how much these occasional events can drive earnings? Each hour at VoLL would make PEA an extra $140,000 or so. Can the hydro plants also be used for surge?
If the forecast Vic electricity demand had really been reached...
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