WA is greatly blessed with huge gas resources. Which are worth far more sold overseas than held for domestic consumption at less than world parity price.
As the Feds seem to be heading for a carbon price, in turn making gas-fired generation likely as a transition, to PV and CSP it is good time.
Does anyone have an idea how the price of gas electricity generation at current (sub-world parity) gas prices and later at world parity prices compares to PV.
Note that SLX sees a four times increase in PV installations by 2015. Hopefully the SOO AGM will give holders a hint at strategy for being a significant player in the coming expansion.
The 'no carbon price before 2013' pre-election pledge has become a negotiable core promise. The Greens are getting an intense lesson in negotiating the possible (low carbon future through a carbon-efficient transition - see UCG and CSG) to head off nuclear. The Lib/Nats are putting a loaded Senate in July against a possible progressively incurred carbon liability to be paid for retrospectively from 2013 onwards.
GOE Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
