FAQs

There are two share types; the Transacting Share, as required by the Co-operative company Act. This is a voting share and is limited to one per person, or entity. The other is a non-voting Supporting Share for the purpose of recording Equity investment. The Supporting share receives any dividends.

Shares of both types can be redeemed after a period, or transferred to another approved person or entity, with approval of the board, and provided the company continues to meet the solvency test.

Our target is that dividends will start after the first year of trading. The target dividend is 5% or greater.

We are presently negotiating land options within the Electra Lines area of operation.

The transacting Share has equal voting rights for all holders of those shares. A Special General Meeting (SGM) can be called by any shareholder at any time. An Annual General Meeting (AGM) is held once per year, where directors are voted in or confirmed for the future year. Any member of the public can stand as a director, even if not a shareholder.

Our constitution allows between 3 and 11 directors. Directors may be appointed by the board during the year.

The responsibility for all decisions is delegated to the board, with review by shareholders at every AGM. An SGM will be called by the directors when any major decision is required.

Technology has been and is being developed to allow for individuals or Distributed Generating Plants (DG) to between consumers in a Lines company area, and potentially between areas.

The process does not require any flow of power, but is based on data from the metering recording at the generation and / or consumption point.

Peer2peer trading arrangements can be arranged between any generators or consumers metered points, (ICP). Consumers will be buying power from a Retailer in most cases, except for some form of Micro Grid system. As power is a tradable commodity under our present electrical system, there are effectively no limits to how electric power can be traded between parties.

The Co-operative intention is to provide services on a cost plus basis to the benefit of the community generally, but is obligated to reward its shareholders as well.

Solar power and Storage are passive systems with no moving parts, no emissions and minimal maintenance. Apart from emissions used in manufacture, shipping and installation there are no emissions from operating any solar power plants. DG using solar will help to reduce our dependence on fossil fuelled power generation.

Yes it is power that can be used for any electrical requirement directly. It is more efficient to use Electrical power than to use electricity to make Hydrogen, then reticulate that to vehicles, as opposed to using existing wires.

As solar is from light intensity and not heat, daylight will generate power, less than a bright day, but power is still generated. We have based our calculations on the sun hours per year, around 2000 hours. We can confidently anticipate we will have solar, from the sun for many more years. If there was no daylight plants would not grow.

Solar power and Storage are passive systems with no moving parts, no emissions and minimal maintenance. Apart from emissions used in manufacture, shipping and installation there are no emissions from operating any solar power plants. DG using solar will help to reduce our dependence on fossil fuelled power generation.

Simple, complete a share application for any amount you are comfortable with.

Power does not actually flow from one place to another, It behaves like water, pressure pushes the water (and power) out to the nearest load, or open tap. Pressure is the same as voltage in this case.

That seems like Thermal solar heating, where the heat from the sun (infrared) does heat the water in a header tank on the roof, this is then circulated by a pump system to the water heating tank. So there needs to be some plumbing to make sure cold water from the roof is not fed into water storage tank in the house.

Solar Power uses light to generate electrical power by a Photo Voltaic process.

Electric power is used to separate out Hydrogen from water, so the process of producing Hydrogen is Power intensive. The Hydrogen then has to be transported to all the Hydrogen stations around the country, as we presently do for Petrol and Diesel.

Electric Power is already available to every house and commercial building.

If Hydrogen is burnt in a combustion engine, there are gas by products such as water and Nitrous Oxide, water is ok, but NO2 is not nice.

If we use the Hydrogen Fuel cell there is only water as a by product, but we still have to reticulate the compressed, and flammable gas around the country, and use power to extract it.

Solar Power uses light to generate electrical power by a Photo Voltaic process.

The Co-operative Company Act of 1996, defines the legal requirements, our intention was to operate as a Limited Liability trading company, we believed the requirements of the Act was a better fit compared to a trust. In a trust the trust owns all the assets and is administered by trustees and directors. With a company structure the company owns the assets, but the shareholders own the company equally, the voting power remains with each shareholder.

Solar Power uses light to generate electrical power by a Photo Voltaic process.

Installation Control Point number (ICP) which is listed on your bill, usually near your account number, or your physical address. Effectively the Meter number, which must be unique to every point that is connected to the Lines power grid.

This is any generation system that can be switched on or off as required to meet any demand, usually of a short duration, but not always. Typical Peaker’s in use are generally fossil fuelled. They can be Coal, Gas, diesel, or some other system. The main point being they can quickly be turned on. The advantage of storage in the form of batteries or Super caps is that they do not need to be switched, they are simply connected to the grid and are available as required instantly.

Solar Power uses light to generate electrical power by a Photo Voltaic process.