Asian gas price fell last week:
But they remain double Aussie prices, giving the gas cartel plenty of excuses to keep local prices high:
In better news, wholesale power costs are still defying exorbitant gas:
As wind and solar pump:
However, power futures are climbing again. They know that when more coal exits, the gas cartel will be back with a vengeance as more gas firming power is needed:
Meanwhile, the sickening greed at the Origin table goes on:
Origin Energy’s biggest shareholder, AustralianSuper, rejected the opportunity to join Brookfield and EIG in their $18.7bn takeover of the power giant, before making a late move to explore joining the consortium, a fresh twist in one of the nation’s biggest corporate deals.
The revelations hint at AustralianSuper’s plan for Origin Energy and offer insight into tensions between the investor and consortium, with the superannuation giant vowing last week to reject Brookfield and EIG’s revised near-$20bn deal for the nation’s largest electricity and gas retailer.
To repeat, the bid price is only being rejected now owing to the NSW government deciding to keep Origin’s Eraring coal-fired power station running with huge public subsidies because Origin has starved the state of gas.
In other words, Origin is being bid up on its monopoly power, derailment of decarbonisation, and gouging of every household and business east of WA.
Tar and feather them all.
