I'm going to vote against our co-op buying CFDs, as I think it's a terrible idea. Not only are CFDs expensive to purchase, but in this case the so-called price 'stabilisation' provided by this proposed CFD in fact lessens the price-stabilising effect of our green energy, which seems counter-productive and unwarranted. Already owning a solar farm (with its essentially fixed costs and free solar input) gives us superb stability: at present we benefit most greatly when wholesale energy prices are highest - and this is exactly when most of us need the greatest savings. A CFD would negate this effect. I don't need savings so much when wholesale energy costs are low. I want them when they're high. Geo-political instability, peak oil, and the global energy transition mean that we're almost certain to suffer increasingly frequent wholesale energy price spikes, and I want to be maximally protected against them. I'll certainly be voting against CFDs here, and I'm disappointed that Ripple has even introduced this idea after we all invested and not before.
