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Support Renewable Energy Co-op's

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OtleyLad

Joined: 13 Jan 2007
Posts: 2737
Location: Otley, West Yorkshire

Posted: Sun Dec 07, 14 7:35 am Post subject: Support Renewable Energy Co-op's
Here's something to support (in my humble opinion): Stop the Financial Conduct Authority blocking the creation of Renewable Energy Co-op's. Petition.

oldish chris

Joined: 14 Jun 2006
Posts: 4148
Location: Comfortably Wet Southport

Posted: Sun Dec 07, 14 7:59 am Post subject:
Dunnit. (member of and buy from Coop Phone, Coop Energy, Coop Bank, Coop Food and occasionally dine at 8th Day Coop in Manchester)

Mistress Rose

Joined: 21 Jul 2011
Posts: 15967

Posted: Sun Dec 07, 14 8:00 am Post subject:
Having read what it is about, it does seem worth while.

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Sun Dec 07, 14 11:07 am Post subject:
Do we have a link to a report of the actual decision by the FCA? Ideally, we want to see the actual decision and the reasons for it...

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Sun Dec 07, 14 11:14 am Post subject:

Quote:

A spokeswoman for the regulator said FCA�s rules required member participation in co-operatives further than just investing in them. However, energy co-operatives are too small to apply for licenses to be able to sell electricity from renewable sources directly to members and usually sell to the national grid and divide the profits between members.

https://www.thenews.coop/88879/news/energy/regulator-blocks-registration-of-new-energy-co-operatives/

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Sun Dec 07, 14 11:17 am Post subject:
It seems to me that the better answer is to either change the regulations or find a way through them to allow the coops to sell to their members.

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Sun Dec 07, 14 11:26 am Post subject:

Quote:

Dave Hollings of Co-operative and Mutual Solutions says bencoms need not panic.�The FCA is concerned about energy generating co-operative societies where the only relationship between the members and the co-operative is an investment relationship,� he said.

�They continue to accept that a renewable energy community benefit society exists for the purpose of benefitting a defined community, which is perfectly compatible with the law as it stands.�

https://www.thenews.coop/89928/news/community/energy-bencoms-not-affected-by-fca-ruling/

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Sun Dec 07, 14 12:01 pm Post subject:
AFAIK, the fundamental difference between a cooperative and a company owned by shareholders is that a cooperative trades with its members. Why do they need to be cooperatives anyway? What is the big advantage? I am with the FCA at this point. I have said for a long time that we should have a better way of doing this and this decision seems likely to push people into finding a better way.

oldish chris

Joined: 14 Jun 2006
Posts: 4148
Location: Comfortably Wet Southport

Posted: Sun Dec 07, 14 7:09 pm Post subject:
There are also "Workers Cooperatives", e.g. 8th Day. This is they: https://8thday.coop/about-us/our-ethos/

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Sun Dec 07, 14 7:45 pm Post subject:

oldish chris wrote:

There are also "Workers Cooperatives", e.g. 8th Day. This is they: https://8thday.coop/about-us/our-ethos/

Are you suggesting that all of the members of these wannabe energy coops are workers in it?

arvo

Joined: 04 Dec 2006
Posts: 3321
Location: Somerset

Posted: Sun Dec 07, 14 8:39 pm Post subject:
Signed, shared. Cheers O.L I'd missed that one.

Hairyloon

Joined: 20 Nov 2008
Posts: 15425
Location: Today I are mostly being in Yorkshire.

Posted: Sat Dec 27, 14 6:25 pm Post subject:
Try this: Energy cooperatives make electricity. Members of the cooperative use electricity. Regulations prohibit the cooperative from selling the electricity to the members... Why can't the members simply be entitled to a fair share of the electricity produced by the cooperative? There is the minor problem of transporting it, but we have the National Grid for that...

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