The sp has been rising steadily since the 13th. From what I can tell there has not been any news that would explain why that is so. I can only assume that the reason for it's decline below 5 cents has been seen to be unwarranted and that it is now getting back to fair value.
The news that the ALP will be pushing for a a 50% target was only announced in the last 24 hours, therefore it was not a factor in the previous week's rises. It is a bold move by them to do this given the hammering they took in the last election but it clearly defines the difference between them and the coalition. It will be interesting to see how the electorate reacts in the polls.
If the electorate likes it, all renewables should rebound to levels at or above what they were in the days before "coal is good for humanity," kicked them in the goolies.
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