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The latest announcement is out from Strike Energy Limited ( (AU:STX) ).
Strike Energy has highlighted a draft determination by Western Australia’s Economic Regulation Authority proposing a Benchmark Reserve Capacity Price of $491,700 per megawatt per year for the 2028/29 capacity year, a 36% uplift on the current benchmark, reflecting higher new-entrant costs and the growing value of dispatchable generation as the SWIS moves away from coal. While the BRCP is only a benchmark and final capacity payments will depend on market supply–demand conditions, Strike’s 85 MW South Erregulla peaking gas plant is already accredited within the Reserve Capacity Mechanism for 2026/27 and 2027/28, and the company expects full certification for 2028/29, viewing the higher proposed benchmark as a supportive signal for new firming assets and confirming the project remains on track for targeted completion on 1 October 2026.
The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Strike Energy Limited stock, see the AU:STX Stock Forecast page.
More about Strike Energy Limited
Strike Energy Limited (ASX: STX) is an Australian energy company focused on gas development and power generation projects in the Perth Basin, including the 100% owned South Erregulla Power Project within production licence L24. The company is positioning its gas-fired generation assets as firming capacity to support Western Australia’s transition away from coal-fired power in the South West Interconnected System (SWIS).
Average Trading Volume: 4,453,818
Technical Sentiment Signal: Sell
Current Market Cap: A$395.9M
For a thorough assessment of STX stock, go to TipRanks’ Stock Analysis page.