Sincc the purchase of the units, mainly due to major failures at...

Sincc the purchase of the units, mainly due to major failures at Loy Yang, these units have been operating a majority of the time and are likely to continue to do so over summer. At several periods, over several hours the wholesale market price of electricity in Victoria was in excess of $200 per MW.hr.

An 8 MW power station operating for 24 hours at an average price in excess of $150 (I think this was the case on several days) is $28,800 per day.

Gas prices at the same period were $5 per GJ, equates to $18 per MW.hr, typical engine such as these operate on 40% efficiency, so daily cost is $8640.

$20.000 per day is a good return, probably greater than that for the mining contracts and I cant see the Victorian market changing in the near tern, even though a certain premier by the name of D.Andrews says the is no issue, despite the temporary installation of 100 of 1 MW diesel (expensive to run) units at Morwell, just in case.

These returns wont last for the entire year of course but I think the purchase is a good one. Batteries however I do not think is a good idea. Just to finish these engines are a lot more efficient than the typical gas turbine peaker plants (sometimes can be less than 20% efficient) and such can operate at lower wholesale costs whist still making some profit. Why were the in efficient peakers built, cheap and nasty solution (worse than a brown coal base station as far as GHG goes) to make money by only operating for a very short time at very high wholesale rates.

Yes I have purchasd some shares on this information but make your own decisions on your own research!