Will find out on Monday, but hopefully we just got rid of some big overlap from some other large sellers/s.
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All downtrends come to an end - it's a question of when to enter depending on your style (aggressive or conservative)
Eyeballed this chart a few days ago and thought this will be a buy around 2.50ish, due to the gap from a few years ago now being filled, and that 2.50 level being prior major resistance, which will/should now be major support.
Aggro's will be fading in about here, conservatives will wait till the rally is nearly finished
I'm feeling aggro:D
Haha you could say I spoke too soon. Might stick to reading ST than writing on ST.
the worry is with trustpower ,on valuation they look ok
The trouble with trustpower is the Electricity Authority, a regulator, has announced it is getting Transpower to stop Distributors paying ACOR to distributed generators. That will cost Trustpower in the order of !5-20M a year . It is a very bad decision and trustpower went to court over it and lost. The EA is a disaster on regulation.
It is a very good decision for the industry as a whole. Embedded generators don't get hit with line loss rentals, Transmission spring washer effects, or many other costs that Grid connected generators get hit with. So why should embedded generators receive refunds from the NZEM for overcharging that they have not paid in the first place?
The reason is that they avoid the need for new transmission. In the past there was an appreciation of the need to consider the total cost to the customer of electricity where as now it is all about how do we price gouge for the generators benefit. the latest proposals by the EA are a prime example of this.That is why customers are leaving the networks and/or installing solar as a first step to leaving .You shouldnote that the new solex batteries stay on when grid power is disconnected.
that is a huge risk for all the electricity industry,including Trustpower.
Hi horus, I realise that you have an axe to grind ... and apparently invested in a solar system hoping for eternal subsidies by the rest of us. However - if you feel that it is unfair that the system does not subsidise you as you would have wished, than I am not sure whether this is the right thread to discuss.
Re your continuous dark warnings about the future of the electricity industry ... I haven't yet seen customers disconnecting from the net in flocks ... and as long as people need most of their power on a cold dark winters night am I not too concerned about some people installing solar panels. Important is just that everybody who uses the network does pay their fair share for putting peak load on the network (i.e. when solar panels do absolutely nothing and everybody else needs power as well).
Personally would I expect the electricity industry to change ... and yes, decentral regeneratives might take a bit of the load. On the other hand - electric vehicles are likely to push electricity demand up. Change to come, not extinction :sleep:.
Back to IFT ... yes, loosing the court battle for TPW probably does not help the SP development, but I think that overall the market is just realising the IFT party is over (nothing to sell, retirement villages down, gentailers down, increased perception of risk for Wellington airport). The split of TPW and however the new green company is called didn't seem to have helped either (both are dropping). Good time to watch the SP development from the sidelines ...