Good Energy Share Discussion Threads

[jeanesy] 08/3/2016 17:10

When is this going to stop falling?

[jeanesy] 06/3/2016 20:25

Does that mean that this is going to be a bad investment then?

[hedgehog 100] 03/3/2016 20:14

"New era of cheap oil 'will destroy green revolution'

As the price of a barrel falls below $60, the long-term impact on wind, solar and hydro-power could be catastrophic for the planet

Tom Bawden Author Biography ENVIRONMENT EDITOR Friday 12 December 2014

The collapsing oil price that is reshaping the global economy could derail the green energy revolution by making renewable power sources prohibitively bad value, experts have warned.

Oil tumbled below $60 a barrel for the first time in more than five years yesterday – a fall of 44 per cent since June. It is forecast to fall further.

A new “era of cheap oil” would be good news for consumers and motorists – but analysts say the consequences for politics, industry and the climate could be even more radical.

The ripple effects could help the Conservatives to remain in power at next year’s general election by making voters feel richer as bills fall – while hurting Scotland’s oil-reliant economy and setting back its campaign for independence.

The falling prices could damage the North Sea and fledgling fracking industries and make it harder for the UK to hit its legally binding targets to cut carbon emissions. But the biggest threat posed by falling oil and gas prices – in the UK and globally – is to therenewable energy industry dominated by wind-, solar- and hydro-power, experts say.

“Renewable energy subsidies have been mostly sold to the public on the basis of the economic benefits,” said Peter Atherton, an energy analyst with Liberum Capital. “But the economic arguments hinged on the idea that fossil fuel prices would get more expensive, while expensive renewable subsidies would be able to come down over time. That’s looking doubtful now.”

Anne Robinson, director of consumer policy at the uSwitch price comparison website, said: “More subsidies are likely to be needed [for green power] as the gap between the cost of fossil fuel power and renewable power gets bigger.” The extra subsidies would be borne by households in the form of higher energy bills.

Green energy technologies such as solar and wind had been banking on sharp increases in fossil fuel prices to make them increasingly competitive and help to attract the huge amount of investment required to build renewable power plants. But that “economic case” is now in danger of being lost, with the environmental argument seen by many as being insufficient to drive through high levels of green energy investment.

The oil price has tumbled in recent months as soaring US production greatly increases supply at the same time as the global economic slowdown reduces demand.

Saudi Arabia is also playing a part by preventing the Opec group of key oil producers from propping up prices by reducing production – a move that reportedly aims to deprive Russia of much-needed income and to make it uncommercial to extract US oil reserves, which are largely contained in shale and expensive to release.

A consensus is growing that oil prices will remain low for at least the next couple of years. It is looking likely that the substantial jumps that had been forecast in the 2020s and 2030s will not materialise. ..."

[jeanesy] 03/3/2016 19:09

This is still going down.. why? ... when are we due an update?

[waldron] 28/2/2016 09:52

NICE POST DAD

TAKE CARE AND ENJOY YOUR DAY AND THE COMING WEEK

[leonasdad] 27/2/2016 22:34

To know what you really want,
just stop where you are,
then you realise that you have everything.

When you rejoin your construct, or someone else's construct, you are weighed down with someone else's expectations, your frailty, mortality, your parting gift.

It is at this juncture, time, finds you, and you can not resist it's invitation. Then you start living, and your inner nature negotiates with your environment and give birth to demand, needs & wants. Your, our ecosystem is complete with the supply of bodies

Your attraction to satisfaction is turbulent at best.

What is meant to be. Will be.

Make good luck.

[leonasdad] 17/2/2016 20:02

Intermittent :) & plenty of zzzzzzzzzzzzzzzzzzzzzzz, and me times

[leonasdad] 14/2/2016 21:37

hxxps://gyazo.com/2bb47cef4a94a9d9ee5deda72ada1222

[leonasdad] 30/1/2016 23:54

Honestly, don't take me for a fool.

You may be fast and clever, with sprinkles on top.

But I know when your trying to pull a fast one,
maybe not today, maybe not tomorrow, but one day.....

I will find out, and that's fine.

Keep calm, carry on,

Take care, all the best.

[svenice7] 26/10/2015 15:01

I was looking for a good company to invest in..

[hutch_pod] 29/1/2015 19:11

Looks like the bid just fell away on v low volume. And a seller ate up the buys that came in at the lower price..

[jeanesy2] 29/1/2015 18:24

Why the sudden drop here today ?

[jeanesy2] 03/1/2015 12:52

The recent and continued mild weather will mean that power consumption will be much lower by customers. There is also a mention of lower wind speeds in the second half. This is bound to impact on profits. On a more positive note customer numbers are still increasing.

[hutch_pod] 19/11/2014 14:01

Looks like 2014 EPS forecasts upgraded from 18.5p to 21.45p, per Stock0pedia.

[hutch_pod] 17/11/2014 23:00

Hi, presumably GOOD becomes also more cost effective as it generates more from its own sources. It is also looking handy at developing and selling generation assets to keep overall earnings healthy.

However for sure it isn't going to compete on cost, despite being reasonably priced in my experience. More like decent customer service and the fuzzy feeling from going renewable.

[boonkoh] 17/11/2014 20:27

Other fuel sources cheap atm and getting cheaper. Good Energy will struggle with its fixed cost energy production through renewables

[hutch_pod] 17/11/2014 13:36

Good to see another 10.7MW of solar approved and expected to be commissioned H1 2015.

So 6.8MW of solar currently operational. Should be 17.50MW by H1 2015 if goes to plan, which would roughly match the wind capacity I believe.

As per RNS, looks like good progress for 50% target of elec generation from own assets by 2016.

[hutch_pod] 06/11/2014 09:36

Yes. In the usual modest fashion, top end estimates are hit.

Full year profit targets now look rather undemanding - looks like the net profit from the site alone exceeds broker targets!

Good job, Good Energy.

[chector177] 06/11/2014 08:30

Nice update today.

[hutch_pod] 07/10/2014 11:36

Yes it's a much more positive signal than Schroders heading for the door.

On the basis of strong customer growth and solid continuing investments in generation assets (and potentially further development sales), I decided I'm happy :).

I counted 31.6MW of approved solar capacity, 23.5MW of proposed solar, and 25.3MW of wind at the Big Field, to be determined 23 Oct.

Also noted both Woolbridge and Creathorne came on line as planned for 7MW of additional solar.

Oh, and at the very end of the RNS - "£2.5m of spend on inventory on West Raynham was recovered in H2 following the sale process." That should help cashflow.

[chector177] 06/10/2014 20:09

Thanks for the info Hutch. I wonder what's going on.