Ann: Southern Cooper Basin Operations Update, page-97

Rubbish, what these gas producers have done is failed to follow the simplest of rules in business, they have failed to look after their existing customers, that is a cardinal sin in business, what they have done is set themselves on a death spiral path, the more they charge for peak loading gas production of electricity the more people will vote with their feet and buy solar panels, each one of those will do two things, they no longer need peak loading electricity, but they may in fact help with the excess power they no longer need themselves as well adding to the gas fired power producers woes, add to that the fact that some of the existing coal fired electricity providers are already talking about using battery storage in large quantities, that will also eat up some of the demand for gas, they have placed themselves in this position, it is piss poor management and they deserve what they get.

Cheers M