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Credit, Currency and Other Animals | 78 comments (78 topical, editorial, 0 hidden)
Re: Credit, Currency and Other Animals (none / 1)
ChrisCook:
There's no reason why an energy generator could not sell entitlements to 10 years' worth of production

My electricity producer recently offered a low fixed ten year price in return for an upfront payment that they could use to build another wind power plantation. So something like that then?

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by A swedish kind of death on Sun Sep 8th, 2013 at 02:56:26 AM EST
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Re: Credit, Currency and Other Animals (none / 0)
My electricity producer recently offered a low fixed ten year price in return for an upfront payment...

Is that purchase transferable? To even another address or person?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 9th, 2013 at 12:09:14 AM EST
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Re: Credit, Currency and Other Animals (4.00 / 2)
Good question. I went to check the specifics, but the offer was gone (I saw it months ago, so presumably they have raised enough). If it was standard consumer deal it is transferable to another adress in Sweden with the same customer. But standard deals usually run for up to three years, not ten, so I guess it has to end in a big dunno.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Mon Sep 9th, 2013 at 04:01:23 AM EST
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Re: Credit, Currency and Other Animals (none / 0)
At three years it seems to be a sort of retail level piece of commercial paper offered directly to the customer and thus disintermediated from normal banking.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 9th, 2013 at 10:22:00 AM EST
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Credit, Currency and Other Animals | 78 comments (78 topical, 0 editorial, 0 hidden)
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