Via STO:
Pelican Point is one of those gas-fired power stations that have sat idle as the gas cartel has applied discriminatory pricing across the east coast. This is welcome and goes a long way towards resolving SA energy security issues.
However, one deal does not a Summer make and the key is what price was the deal done at and how many more deals will be done at prices that reduce rather than increase the gas energy overhead for households and business?
My guess is that this is strategic deal for STO so that it waters down political pressure arising from household price rises without really having to deliver much broader price relief at all to industry.
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