Renewable Energy, On Tap
Current market dynamics
highlight urgent need for storage
Old Average Daily Pricing - 1H 2021 vs. 1H 2022
High coal and gas prices are resulting in higher marginal
pricing in morning and evening peaks when the sun is not
shining
Availability issues of older fleet of coal fired power plants.
impacting reliability of peak generators and reliance on
wind and solar
Climate change coupled with extreme weather conditions
contributing to price volatility
Price shape has been exacerbated over the last 12 months,
highlighting the urgent need for energy storage
QLD RRP ($/MWh)
900
800
700
600
500
400
300
200
100
0
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
1H 2021
1H 2022
16.00
17.00
18.00
19.00
20.00
21.00
22.00
23.00
24.00
Source: AEMO
BBP revenue guidance was based upon a Q2 2021 market scenario -
since this time the average price spread in QLD has increased by
more than 200%
Genex
Renewable Energy, On Tap | Investor Presentation
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