Good Energy Share Discussion Threads

[disc0dave46] 07/5/2024 11:49

It is unclear, but reading their AR they have stopped fixed price contracts for customers plus according to Note 3.1.2b they can pass on price risk (including any power deficiency being supplied) to customers with 30 days notice - don't know if this helps as not too familiar with the details of their model.

[johnthegeek2] 03/5/2024 08:49

They sell to retail customers at a fixed rate (within the contract period). They buy from micro generators at a fixed rate. But what they can't control is volume. When generators generate less than what they sell to retail customers I assume they need to buy the delta on-market. That's market risk / arb'ing the FIT. See Bulb energy. GOOD might mitigate that risk by only taking on retail customers as they take on generation customers. But that's going to constrain their growth. My point is, it's unclear. 

[disc0dave46] 02/5/2024 13:37

HiArbitrage FIT income?, don't think they are allowed to tbh.All I see is they gain a couple of weeks of additional interest on FIT income / payments streams.Https://www.goodenergy.co.uk/support/articles/feed-in-tariff-payments/

[smokeyjohnson] 02/5/2024 10:58

There are also a couple of avid labour fans on here as well as on one of the YU threads. You should touch base with them if you haven't already.

[smokeyjohnson] 02/5/2024 10:56

Best thing to do is to email IR who should be able to point you in the right direction for the information. Might not be immediate though. Once you have a concrete answer do report back here! I believe it's [e-mail] .

[johnthegeek2] 02/5/2024 10:39

Not -ve. I'm +ve about the market opportunity for a provider like GOOD, especially if / when we get a Labour govt. later this year. But I don't like the idea they're arb'ing their sale retail prices and the FITs they buy from their micro-generators. If that's what they're doing, which isn't explained on their website, there's risk there.

[smokeyjohnson] 02/5/2024 08:56

There's a farily good summary on the home page of their website. Take a look.

Only 2 posts and both negative. Hang on a minute have you been dancing recently?

[johnthegeek2] 01/5/2024 18:34

Anyone understand the trailing revenue model for GOOD? Selling panels and pumps etc is all well and good but it's not going to make a FTSE 250 company if they can't get a meaningful clip of the ongoing energy contract. But the accounts are pretty unclear on that. Might be reading them wrong.

[moreplumbing] 26/4/2024 16:13

Disco your opinion counts as a kebab meal at Christmas :))

[smokeyjohnson] 25/4/2024 16:24

disc0dave46 > "What overhang!"

I think basem1 means a possible overhang from the placing at 250.

[disc0dave46] 25/4/2024 10:45

What overhang!Back to 240 IMO

[basem1] 24/4/2024 08:45

Overhang finally cleared I have been loading up in the 240's

[smokeyjohnson] 24/4/2024 08:34

Big 41k shares buy there

[basem1] 24/4/2024 08:21

Well over on the bid side that is Quite unusual here to be able to sell a large quantity at 2.5p over the indicative bid price Bodes well finally

[basem1] 24/4/2024 08:20

Paying well over now for volume Looking good for a move north now

[smokeyjohnson] 23/4/2024 09:01

Little appetite for selling but also little appetite for buying above the previous placing price.

[basem1] 22/4/2024 13:54

Seems to be very little appetite for selling down here Thought we might have had a little collapse this morning but no one wanted to sell at 235

[smokeyjohnson] 17/4/2024 11:51

A couple of share buys by CEO and CFO. Quiet today :)

[disc0dave46] 15/4/2024 10:10

Where now? 220 possibly or will 240 support hold?Quiet today.

[disc0dave46] 11/4/2024 18:28

Naa, back to 240 IMO

[basem1] 11/4/2024 14:48

We have a bit of an overhang it seems Should fly once cleared