Sending smaller retailers broke will have the effect of discouraging any new entrants to the market once they try to fix the system. It will show a ‘spiteful’ regulator. The system they created and oversee is broken. It was designed by people who do not understand markets and the extremes that can occur due to event beyond the control of regulators.
The regulators should focus of fixing a broken system. I suspect that the actions of the regulator to look backwards is politically inspired.
Oh, and I should add, have the big generators not been gaming the system over recent months by withholding generation capacity to drive up wholesale prices?
Sending smaller retailers broke will have the effect of...
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $24.32M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.3¢ | $25.17K | 188.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6184 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 224609 | 2 |
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| Last trade - 14.37pm 02/10/2024 (20 minute delay) ? |
| LPE (ASX) Chart |