Plutus Powergen Share Discussion Threads

[bishopawn] 16/11/2018 21:26

Things could acclerate on the back of multi-million pound funding in the order of 50 million that will guarantee 4 or 5 sites by next winter. Current value is indicating nothing and is wrong and stands as a real buying opportunity for anyone with a 12 month timeframe and a contrarian approach to investing. With the successful share placing this week, the mood in the camp will no doubt be bouyant. GLA!!!

[bmcb5] 16/11/2018 17:06

2000 hours = gas sites, of which PPG have 0.

from final results:
"Typically, a gas site will cost around GBP12.5 million and it is likely to be operating for between 1500-2500 hours per annum and will normally operate in peak hours and when it is profitable to do so."

[rhug1966] 16/11/2018 17:04

Only profitable if you have gas sites. They have none now and wont have any this winter or next winter.

[bishopawn] 16/11/2018 16:53

Merchant sales we need to focus on which may very well involve 2000 hours a year or more. Very profitable.
Plutus bring it on!

[bmcb5] 16/11/2018 16:27

sorry to be the bearer of bad news (again)

Pre-qualification results for the T-4 auction have been released this afternoon. This is the first opportunity to see the projects being entered into the next auction.

(ok, the next auction is on hold, until the state aid question is resolved, but the pre-qual process is going ahead anyway)

Top and bottom of it: I cannot find a single project from Plutus Powergen

Not one project

Turn the lights off on the way out, please. Let's save the power.

[bmcb5] 16/11/2018 16:24

sorry to be the bearer of bad news (again)

Pre-qualification results for the T-4 auction have been released this afternoon. This is the first opportunity to see the projects being entered into the next auction.

(ok, the next auction is on hold, until the state aid question is resolved, but the pre-qual process is going ahead anyway)

Top and bottom of it: I cannot find a single project from Plutus Powergen

Not one project

Turn the lights off on the way out, please. Let's save the power.

[isa2020] 15/11/2018 16:59

Judgement for ECJThe decision means the UK government can not issue capacity market payments to energy firms or hold auctions, including the upcoming auctions.Let's see -

[isa2020] 15/11/2018 16:50

https://amp.theguardian.com/environment/2018/nov/15/uk-backup-power-subsidies-illegal-european-court-capacity-marketInteresting -

[montynj] 15/11/2018 14:40

Yeah brexit is a mess...

[bmcb5] 15/11/2018 14:39

@monty - i believe the govt also sounded pretty confident about negotiating Brexit, no? Until it is done, i will retain at least a token amount of concern.

[bmcb5] 15/11/2018 14:36

Next couple of weeks could be interesting, and this could get political.

Cold weather on its way
High demand could make the system tight
Would a CM notice be issued? If so, all CM participants should respond. But would they if under a standstill?
If a notice is issued, and not responded to, and we end up with any power cuts, then you could see how easy it is to conclude that European courts, overruling our decisions, led to power cuts. The Daily Mail would love it.

Unlikely, but possible imo

[montynj] 15/11/2018 14:26

"We are disappointed with this judgement, but it poses no issues for our security of supply. As a responsible government, we have prepared for all outcomes, and we will be working closely with the Commision so that the Capacity Market can BE REINSTATED AS SOON AS POSSIBLE"That's the Government - BEIS - position in the matter so not concerned...it's an aberration

[bmcb5] 15/11/2018 14:10

"The Secretary of State has today instructed us to postpone indefinitely the upcoming T-4 and T-1 Auctions for Delivery Years 2022/23 and 2019/20 respectively, in accordance with Regulation 26(3)(a) of the Electricity Capacity Regulations 2014"

This is not good news. I was looking forward to pre-qual results tomorrow, to see what PPG had put in.

[bmcb5] 15/11/2018 14:03

Today the General Court of the Court of Justice of the European Union found in favour of Tempus Energy, against the European Commission, annulling the Commission’s decision not to raise objections to the aid scheme establishing a capacity market in the UK.

The judgment suspends the state aid approval for, and therefore the legality of granting aid through, the capacity market. The capacity market will enter a ‘standstill period’ which prevents the UK Government from holding any capacity auctions, making any capacity payments under existing agreements, or undertaking any other action which could be seen as granting state aid, until the scheme can be approved again.

[2pablo] 15/11/2018 07:20

marvin - very funny but completely groundless

[maybesum] 14/11/2018 20:46

Not surprised by todays news. To raise working capital all they had to do was cut their salaries to 50k a piece and bingo there's the capital. As usual someone in the know selling like crazy before todays RNS....disgusting treatment and contempt for ordinary shareholders.

[marvinridesagain] 14/11/2018 17:56

Good luck a1

[pbanus] 14/11/2018 09:44

you might want to review the comments Bishop was making last week, he'd didn't seem at all concerned about the dropping share price, I wonder why....hmmmmmmm

[marvelman] 14/11/2018 09:15

Very good post indeed Aiminvestor. A refreshing change to see a trader with an honest countenance. Pragmatism works its magic when allowed to escape from intransigent minds. Hats off to you and thanks for sharing which has given me back some faith in these boards.