ralph
The Neerabup gas plant is a peaking plant and doesn’t use much gas as a result. It is paid the remain on standby and is only used when extremely high prices are seen in the network or during extreme weather events.
Over the past 2 years it has been operational for 6-8 percent of the year, which means it has very low gas usage.
Shell is buying into ERM for the access to gas retailing, not the power generation side. ERM has been very innovative in their activities with businesses and the power needs. It will add competitive pressure to AGL and ORG.
FWIW, I don’t see the power generation side being the key driver for the takeover.
hope that helps.
AL
ralphThe Neerabup gas plant is a peaking plant and doesn’t use...
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