Thanks for the analysis, Marcus.
Nova is an interesting business. It operates on the margin and could easily be knocked out the generating market by mild weather or the addition of other more economical generators - lot of wind going into Victoria.
PEA is a natural owner. It knows generator maintenance and could quickly close and redeploy the equipment should the market and contracts make it non-viable.
The Traralgon site is wired for and could accomodate 20Mw of gas turbines or a battery to arbitrage cheap Latrobe Valley midnight to dawn generation and sell it at peaks. Comparing the returns from another 10Mw of gas plant and the same value in batteries would be highly instructive.
(I do not hold PEA)
Ash
Nova and Voll/MPC, page-11
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