Not a problem I'm worried about personally so I'll leave the worrying to you (Not sure if Tigers worry or not) Cheers
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Edit: going quietly rather than storming out :)
I did say cheaper fuel rather than gas.
Some of the Huntly generators can use coal.
I am not privy to the gas supply contracts.I guess the increased demand will mean genesis will be buying on the spot market if cheaper than coal.
However if genesis can expect to pay 16c dividends plus imps in an average year with expected reduced demand and we now have increased demand but reduced hydro please consider the likely result
You have to consider the implications also to other power companies.
Your posts about mrp are very positive-and they have done well-but will this continue in a dry year-last time I looked at mrp it looked as if they had no flexibility and relied on hydro from the taupo catchment and some geothermal.How will they fare in a dry year with increased demand?
My choices of power companies are cen and gen because they imho have the best flexibility of low priced generation.
Low energy prices should stimulate the economy and coupled with a growing population will increase demand.
Time will tell and I will sit back and be patient.
disclosures-I am writing this in an air-conditioned room-now indispensable for me- and have substantial shareholdings in nzo(big mistake in hindsight),cen,gen and chorus-a lot bought at $1-40 to $1-70-my gut feeling was that the commerce commission was very wrong and chorus would achieve a better more reasonable price.
Hopefully I am learning from my mistakes but I don't have time to personally research as much as I would like.
best wishes
When does Genesis produce its next Quarterly Report? Must be soon. Hope they haven't lost too many more customers.
Hi, market share stats are publicly available here:
http://www.emi.ea.govt.nz/Reports/Da...text=Dashboard
GNE cust nos slightly down to 525K
Just broke through upper Bollinger band;)