I honestly believe you have very little knowledge of this...

I honestly believe you have very little knowledge of this industry let alone ERM's operations. ERM hedges a lot of the contracted load with a range of instruments. They have the sunset agreement (Vales Point) and Oakey. The other energy companies that rely solely on 3rd party hedging would be in a pickle with future hedging contracts.

Oakey will likely be making a surplus as prices were high on the weekend and in the late afternoon/evening like now when ERM's customer demand load is much lower.