We know that reality is that PLN are installing diesel generators for GMC to use for operating their 50 year old furnaces. The cost of running them has just gone up from US$0.29c/KWh (thats an all up price, the price of diesel fuel alone is US$0.20/KWh at US$70/barrel) Now at US$80/barrel the cost of diesel alone is US$0.22/KWh making a total of US$0.31/KWh Thats more expensive than Aussie power using solar panels and wind generators.
GMC Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held