adrianc
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Post by adrianc on Nov 2, 2016 17:57:23 GMT
I ran a factory in NI on the greenenergy and the price was lower than carbon based electricity and it offered us greenwash credentials to our customers. Plus they forgot about one of our meters but that is another story  No reason not to pass the greenwash on! And, on the subject of where it comes from... www.gridwatch.templar.co.uk/So, right now, the UK has 3.77% of electrickery coming from wind, 1.77% from hydro, 1.92% from biomass. 7.46% of all power from renewable sources. And 17.55% from coal. Strangely, currently 0% from solar... <peers out window into pitch darkness> Oh, yeh...
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Steerpike
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Post by Steerpike on Nov 2, 2016 18:19:28 GMT
I ran a factory in NI on the greenenergy and the price was lower than carbon based electricity and it offered us greenwash credentials to our customers. Plus they forgot about one of our meters but that is another story No reason not to pass the greenwash on! And, on the subject of where it comes from... www.gridwatch.templar.co.uk/So, right now, the UK has 3.77% of electrickery coming from wind, 1.77% from hydro, 1.92% from biomass. 7.46% of all power from renewable sources. And 17.55% from coal. Strangely, currently 0% from solar... <peers out window into pitch darkness> Oh, yeh... As far as I know solar doesn't work at night even with a full moon and so I don't think that gridwatch tells us anything new in this regard. Actually, it doesn't tell us anything much about solar generation because it isn't measured centrally in real time and so can't be displayed in real time. If folk buy more coal, more gets dug out of the ground, if they buy more green electricity more gets generated, sounds like basic supply and demand to me, although it may of course be a sinister conspiracy.
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adrianc
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Post by adrianc on Nov 2, 2016 18:28:56 GMT
If folk buy more coal, more gets dug out of the ground, if they buy more green electricity more gets generated, sounds like basic supply and demand to me, although it may of course be a sinister conspiracy. Nowhere near that simple. If anything, it's the other way around - an increase of demand with constrained supply raises prices, and pricing is the determinant of what gets bought in to the grid as a whole at times of low demand and high supply. Add in that each of the various sources tends to have specific supply profiles - either time of day, for solar, or weather, for wind, or simply speed of meeting grid demand increase... The UK's generation capacity is running pretty damn near to flat-out at times of high demand, with the margin on winter peaks getting scarily close over the last few (mild) winters, basically needing the full capacity of the UK-NL and UK-F interconnects to give breathing space. That's a situation that's only going to get worse over the next decade. People have been forecasting this for years. Generation capacity isn't built overnight.
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jonah
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Post by jonah on Nov 2, 2016 18:39:23 GMT
As someone who likes a graph, those are nice ones which I've not seen before so thank you. In terms of green loans, I've lent before via AC and Geia and have gotten the return I've hoped for so far. Given other choices, we need to improve somehow, so I do get a slight warm fuzzy feeling for doing the 'right thing' lending here... and like getting interest etc! As for these ones, the reduction in rate with no obvious reduction in risk isn't good. They feel like Ines for Geia not directly to gain a better risk return ratio, Happy to get other views though, potentially anything from jjc would be great given his previous demonstrations of knowledge of this sector.
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mikes1531
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Post by mikes1531 on Nov 2, 2016 21:08:59 GMT
andrewholgate : Do you consider the answer given on 10/Oct in the Loan #348 Q&A to be clear and satisfactory? (It's the one at the bottom of the Q&A, which was quoted in my 28/Oct posting shown above.) I certainly don't! I'm not sure what isn't clear. The answer certainly is clear, all secured business loans that pass the AC credit policy. That is exactly the same wording on the QAA webpage. Indeed is states: The Quick Access Account (QAA) allows investors to automatically invest in secured business loans that have passed Assetz Capital's strict credit checks. It offers a target, capped interest rate for investors of 3.75% gross per annum capped. This rate varies, so the current rate will be announced at the start of each month however it will not drop below 3.75%.
This account also benefits from strong asset security on each loan and automatic diversification across multiple loans, plus the added protection of a discretionary Provision Fund.QAA invests in loans but not every loan on the platform. The latter qualification is there because there are loans older than QAA where there has never been availability to pick up but would fit the account. I think you are making a mountain out of a mole hill. : Thank you for taking the time to respond to my message. I apologise if I didn't make it obvious enough what I didn't find to be clear from AC's answer in the Q&A. Let me try again... The question asked in the Q&A was whether Loan #348 was eligible to be invested in by the QAA/30DAA. The answer given was that the QAA invests in loans that meet certain criteria, but it didn't make clear -- to me, anyway -- whether or not #348 met those criteria. I think you have made it clear that not all AC loans meet those criteria and, as a result, the QAA does not invest in all AC loans. So the part that remains unclear for me is whether #348 does, or does not, meet those criteria and could be invested in by the QAA. All I'm looking for is a Yes/No answer to the original question -- Is #348 eligible to be invested in by the QAA? Thanks again for getting involved.
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Post by andrewholgate on Nov 3, 2016 9:17:17 GMT
Yes.
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pikestaff
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Post by pikestaff on Nov 3, 2016 9:19:12 GMT
I think you have made it clear that not all AC loans meet those criteria... Andrew has reiterated the conditions: "The Quick Access Account (QAA) allows investors to automatically invest in secured business loans that have passed Assetz Capital's strict credit checks." Let's parse that: 1. It has to be secured. Nothing about the nature of the security. All AC loans are secured. 2. It has to be a business loan. This excludes anything that is not a business loan. 3. It has to have passed AC's credit checks. This will be true of every loan on AC at the time that it is made. So all business loans, including the sparking #348, are eligible. I've never been quite sure what is, or is not, a business loan but that's another matter. [Edit: Crossed with Andrew.]
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Post by chris on Nov 3, 2016 9:30:09 GMT
I think you have made it clear that not all AC loans meet those criteria... Andrew has reiterated the conditions: "The Quick Access Account (QAA) allows investors to automatically invest in secured business loans that have passed Assetz Capital's strict credit checks." Let's parse that: 1. It has to be secured. Nothing about the nature of the security. All AC loans are secured. 2. It has to be a business loan. This excludes anything that is not a business loan. 3. It has to have passed AC's credit checks. This will be true of every loan on AC at the time that it is made. So all business loans, including the sparking #348, are eligible. I've never been quite sure what is, or is not, a business loan but that's another matter. [Edit: Crossed with Andrew.] Correct - all loans are eligible, but the QAA isn't and is unlikely to ever be invested in all loans.
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pikestaff
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Post by pikestaff on Nov 3, 2016 9:59:11 GMT
Andrew has reiterated the conditions: "The Quick Access Account (QAA) allows investors to automatically invest in secured business loans that have passed Assetz Capital's strict credit checks." Let's parse that: 1. It has to be secured. Nothing about the nature of the security. All AC loans are secured. 2. It has to be a business loan. This excludes anything that is not a business loan. 3. It has to have passed AC's credit checks. This will be true of every loan on AC at the time that it is made. So all business loans, including the sparking #348, are eligible. I've never been quite sure what is, or is not, a business loan but that's another matter. [Edit: Crossed with Andrew.] Correct - all loans are eligible, but the QAA isn't and is unlikely to ever be invested in all loans. I assume you mean all business loans?
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Post by chris on Nov 3, 2016 10:07:34 GMT
Correct - all loans are eligible, but the QAA isn't and is unlikely to ever be invested in all loans. I assume you mean all business loans? True
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Post by bracknellboy on Nov 8, 2016 13:14:06 GMT
Well the drawdown date on those wind loans keeps getting blown to the right. The first ones were due to be drawdown about 6 days ago as I recall. Bit miffed: I didn't have cash to hand to put in so withdraw some from my GBBA to provide additional funds into MLIA and GEIA, and although its swept into the QAA I'm carrying a bit of a lost oppotunity cost. I never thought I'd put all those acronyms in one sentence.
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Post by bracknellboy on Nov 9, 2016 20:20:45 GMT
Another day passes and the drawdown date on the windy loans continues to resemble tumbleweed being blown down a dusty street, forever out of reach.....
I get the feeling that when the big day arrives, I will get about 30p of each in the MLIA, and the invested amount in my GEIA will go up by about £3. Ho hum.
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jj
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Jolly Jammy
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Post by jj on Nov 10, 2016 6:25:37 GMT
I got zero of loan 368. Why put it in the pipeline at all if your not going to get anything ?!
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Post by lynnanthony on Nov 10, 2016 8:44:44 GMT
I got zero of loan 368. Why put it in the pipeline at all if your not going to get anything ?! Well, it does allow you to read up on the loan, decide you want some and set your target. You may find you get some over the next week or so. But I understand your frustration.
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Post by Deleted on Nov 10, 2016 9:34:55 GMT
I'm still trying to make a go of AC. I'm still frustrated at the whole timing issue. With MT and FS I know when cash is needed to the second, I may not know when I'm getting it back (well I do with MT normally) but with AC I have to have cash sitting on the side. Normally this is not an issue as there is so little to invest in, but every so often something comes along. As a result I have to sell a deal early and just wait, while the scrabulator picks away at the cash.
I'm not complaining I just think this makes AC unattractive. Basically there is a time value to money and this is not satisfying that.
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