Australia's largest stock trading and investment forum Australia's #1 stock forum

PEA

0.46%

$1.09 pepper residential securities trust no. 30

Thanks for these insights @gtc61.If I can trouble you for one...

First 7 Last

Share
Profile

Follow
hfrench

107 Posts.

26

26/01/19

22:35

Post #: 37235427
Share

Originally posted by gtc61: ↑

I posted last year regarding Nova, and its just a repeat if anybody wants to review. The high efficiency Nova units are the first on of all the peaker plants. The price has to go very high before other (less efficient) peakers such as those installed at other Latrobe Valley sites operate. I can confirm that nova is running at full capacity even with the price below $200/MW.hr. The heat plumes from the exhausts is a giveaway. At a current gas price around $10/GJ anything above $100 per MW.hr is profit for Nova. And yes at $14500 per hour is was basically making @ 10 MW output $145000 per hour.

As Ash said the hydro units cant be used as peakers, they are held hostage by the water uses and generally when peak load is required in summer they have no water to give. Blue Rock in fact uses a water powered pump to pump to the nearby Moondarra reservoir if it is low and this energy then cant be used for electrical generation.

Another point of interest is another unit at Loy Yang was crippled yesterday but was held on at the request of AEMO at reduced output (300 MW instead of nominal 550). it is off now of so even with the mild weather expect energy prices to remain high with 4 units of in the Latrobe Valley totaling about 1850 MW unavailable. Its a topic for the political debates but does mean Nova will be required more than it probably should (the lack of reserve base load is the issue, previous government run institution always has a viable reserve unit which we paid for through indirect means, but leave that for the other forum)

The issue of uprooting units not being utilised is interesting and I believe in the west this is a common practice for contracted mine energy supplies. A mine is reducing its energy requirement, put a couple of generators on a truck and take them to a new site that requires energy. This wont happen to Nova however, as the original installation was put in to avoid an expensive power system upgrade (poles and wires) and as far as I know is still required for network reasons in its current location. I do not now if the PEA contract has a component to keep this function available. It may be an additional income stream we don't know we have, or as suggested a bargaining chip should prices be continually depressed.

On batteries do not underestimate how big a battery would needed to be to operate at 10 MW for the time Nova has operated over the last few days. It would be several hundred times larger than the South Australian model, which operates to stabilise the grid for short periods ( less than 1 hour) whilst emergency generation (peaker plants, diesels in SA!) start.

Expand

Thanks for these insights @gtc61.

If I can trouble you for one more, do you have a sense of what the operating costs of Nova are apart from the gas? Is it operated remotely or manned (intermittently or permanently) - and if so by what sort of workforce?

PEA Price at posting: 59.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Here are three global stocks you should watch

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 5 more messages in this thread...

First 7 Last

Add PEA (ASX) to my watchlist

(20min delay)
Last $1.09		Change 0.005(0.46%)		Mkt cap ! n/a

Open	High	Low	Value	Volume
$1.09	$1.09	$1.09	$80.13K	73.80K

Buyers (Bids)

No.	Vol.	Price($)
3	20979	$1.09

Sellers (Offers)

Price($)	Vol.	No.
$1.09	93741	7

View Market Depth

No.	Vol.	Price($)
1	42510	0.620
1	20000	0.580
1	5000	0.550
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.630	12637	1
0.640	36649	2
0.645	7751	1
0.650	20578	2
0.655	8750	1

Last trade - 13.41pm 24/09/2019 (20 minute delay)

PEA (ASX) Chart

Day chart unavailable

Thanks for these insights @gtc61.If I can trouble you for one...

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Here are three global stocks you should watch

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks for these insights @gtc61.If I can trouble you for one...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Here are three global stocks you should watch

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News