Watched the video and the slides - thanks for Sarah for explaining the process in a very layman’s terms way. I found it very informative.
For us we would likely vote for the CfD but I can see a lot of opposition to the plan.
Some comments to add:
Sure we could stay out and benefit from possible higher savings when price spikes occur but let’s not forget the contract price set annually is linked to the wholesale price trajectory so higher savings sure but higher electricity bills overall so the benefit is mostly negated, right? Obviously it’s an annual contract and Ukraine showed us how a relatively unexpected event had massive implications so contract prices will fluctuate in the same way just a year behind essentially. Whereas in the meantime if you’re not on a fixed energy tariff you will be hit by those higher energy costs at the point of use.
We didn’t invest in Ripple as a money making investment and so as long as we make our investment back and in the process stabilise our energy costs and feel good about being part of an energy revolution - that’s a win!
The board work for us - so some comments about delays in this stuff being raised or other conspiracy suggestions seem daft. The board and Ripple are on our side and are looking always at the best options for us. Should this have been mentioned (CfD) in the share documents as a possible future option - maybe. But I suspect Ripple were aiming more for what was a relatively stable market anyhow before recent years and thus staying on the wholesale market was probably better in initial projections.
Stability is good - reliability is good. It’s dependable and easy to plan for. So for those reasons CfD makes sense. But will go with whatever the majority (or not) ends up at.