Australian Chart of the week | To the left, to the left; is Liddell irreplaceable through the day?

In Issue 52, considering the recent announcement from the federal government to build a 250MW (previously 1GW) gas-fired plant in New South Wales (NSW), we investigated price volatility trends in the state and the opportunities for storage to fill the impending energy gap when Liddell retires in 2023.

In this chart of the week, we take a further look at the situation in the state and how the market has responded since AGL reaffirmed it will be shutting down the station back in 2017. How has the market evolved since this announcement, and given the state of the market, is gas an ideal replacement for Liddell?

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