As I wake up this morning the sky is blue and beautiful after the long rain!
Electricity spot price is spiking to level unseen before sending many small retailers to the wall.
If you been following the news, some retailers are actually asking customers to leave because they’re making losses as spot price is higher than their contracted selling price. Those customers won’t be coming to Origin for sure, as we heard yesterday of its trouble.
The current crisis put AGL as the main benefactor, I can’t see why wouldn’t AGL go back to 20+.
AGL Price at posting:
$8.72 Sentiment: Buy Disclosure: Held
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