Yes, with the hedging they have in place they believe (hope) power is more likely to drop by 10% this year. If if they were in almost any other country in the world that would be a safe bet. But given we are governed by a bunch of morons (and have been for the past 10 years) who would rather score political points and argue along ideological lines than make decisions in the national interest, this isn't a safe bet. I hope I'm wrong.
Is the 'Quarterly volume weighted average spot prices' on the link below a good indication of wholesale prices that TPC may be paying?
https://www.aer.gov.au/wholesale-ma...ctor:4&f[1]=field_accc_aer_stats_category:893
And is this a reasonable pricing gauge for gas prices (in Vic):
https://www.aer.gov.au/wholesale-markets/wholesale-statistics/victorian-gas-market-cumulative-price
Ann: Appendix 4E and Annual Report, page-6
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