DC Power Co.

The DC Power Co. story

Crowdfunding Type of Offer
$50 Min. (up to $10,000)
Minimum $1.75 million Maximum $4.75 million Size of Offer
$20.05 millionPre-money Valuation
Fully Funded

$2,181,750

Raised

10.9%

Equity

14,950

Investors

DC Power Co. offer is now closed.
Payments must be made by 5pm Monday 23rd April. 

 

Please consider the replacement offer document and general risk warning before investing.

Investors are entitled to a 5 day cooling-off period.

Applications made before 26 March are entitled to a 1 month cooling-off period.

OnMarket's fees are a maximum of 6.5% of the funds raised, paid by the Company.

ID verification is not required for the DC Power Co offer.

Due to overwhelming interest, retail investors can now invest up to $10,000 in DC Power Co. 

Background

 

DC Power Co. aims at becoming the world’s first crowd-sourced funded energy retailer for solar households.  Unlike current energy retailers whose business models focus on selling households more energy, DC Power Co. is built by solar people, for solar people.

There are over 1.7 million Australian households with solar power. DC Power Co. intends to offer a range of services to Australian households to help them optimise their solar systems, use less energy, reduce their bills and make money.

It is DC Power Co.’s view that existing retailers aren’t meeting these needs, and likely won’t, even over the long term.

For an investment of $50 up to $10,000 for retail investors, this is an opportunity to own a part of a solar-focused energy services company that aims to revolutionise the energy industry in Australia. This investment is open to both solar and non-solar users.

Business model

DC Power Co. intends to generate revenue through a monthly service fee and by providing additional services.

Monthly service fee

Unlike traditional energy companies, DC Power Co.’s profits won’t be dependent on selling more energy to households.  

Customers will be charged a reasonable monthly fee to provide the following solar-focused services;

  • Connection to the grid
  • Wholesale energy prices for grid energy top up
  • A fair feed-in tariff for any excess solar generated
  • Advice on optimising their solar system and usage
  • Regular maintenance tips
  • Insights into when it will make sense to purchase a battery or other home energy devices.

Additional services

DC Power Co. intends to offer additional energy services focused on the needs of solar households, such as:

  • Monitoring and maintenance packages for current solar panels to achieve and maintain optimal performance
  • Solar panel installations for those customers who don’t already have solar panels
  • Solar panel upgrades for customers with older panels or systems that are not maximising energy generation
  • Battery installations to best utilise the energy the solar panels generate
  • Smart and innovative home solutions that will enable members to remotely automate the operation of air conditioners, pool pumps and other high usage devices to boost savings.

DC Power Co. also intends to keep innovating and helping its customers evaluate new technologies such as electric vehicles and charging options in the future.

Savings Guarantee 

DC Power Co. intends to offer a Savings Guarantee to eligible customers. These customers are guaranteed to save money on their energy bills (compared to what they paid with their previous energy provider) or DC Power Co. will refund the difference plus 10%. DC Power Co. is making this commitment because they are confident that solar customers will be better off with them. 

For more information on our Savings Guarantee see page 10 of the Replacement Offer Document.

Phases of Growth

DC Power Co. has a clear plan to achieve its goal of becoming the energy services company of the future.

Offer Overview

DC Power Co. aims to raise up to $4.75 million in this offer. Here are the key details relating to the offer:

  • You can invest as little as $50, which will give you 100 shares in DC Power Co., up to a maximum of $10,000 i.e. for 20,000 shares
  • DC Power Co. needs to raise at least $1.75 million in order for this campaign to be successful
  • The preferred outcome is that as many investors take part in the Offer as possible – more investors means more potential customers which will help DC Power Co. achieve its goals of providing the best solar services to its customers
  • It is important to note that if the Company doesn’t raise $1.75 million, the crowd-sourced funding campaign will not go ahead and your investment will be refunded.

Investor Benefits

DC Power Co. will endeavour to provide its investors with the following benefits:

  • Investor rights and representation – you will own ordinary shares, have the ability to vote, and be represented by someone investing in this crowd-sourced offer on the board. Any investor in this offer can nominate for this role.
  • Access to a free insights package regardless of your current energy provider, giving you information about the health of your solar power system.
  • Priority access to become a DC Power Co. customer and receive exclusive launch offerings.
  • Future dividends and capital growth if DC Power Co. is able to achieve its goals. This is not guaranteed as it depends on the future profitability of the company and board discretion to issue dividends.
  • Updates on progress in becoming Australia’s first energy retailer for solar households.

Risks

Investors should note that DC Power Co. is an early stage company and is subject to a range of risks. While the Company has a clear mitigation strategy to deal with potential risks, investors should understand the following before deciding whether to invest:
 

Building the business – DC Power Co. might not be able to create an energy retailer if it is unable to demonstrate its value proposition and achieve commercial success.
Regulatory risk – DC Power Co. might not receive regulatory approval to operate as an electricity retailer in Australia.
Funding risk – DC Power Co. might not raise sufficient funding to achieve its business goals.

Savings Guarantee risk – external prices and competitive forces may require DC Power Co. to pass on costs and pay out the Savings Guarantee, reducing profits
People risk – Key people might leave the business, or new people might not follow policies and procedures.
Competition risk – DC Power Co. will be competing in a highly competitive environment where other players might seek to win or retain customers.

For a full explanation of the risks and mitigation strategies, please refer to section 2.6 of the Replacement Offer document.

Founders and Management

The DC Power Co. leadership team is passionate about solar power and empowering home generators to get a better deal. They all have huge amounts of experience in the field and are focused on making DC Power Co. a success.

Nic Frances Gilley MBE - CEO & Chairperson

Nic is a social  entrepreneur, marketing campaign specialist and founder of environmentally focused start ups, Easy Being Green and Cool nrg. Nic is responsible for the strategy, delivery and risk management for DC Power Co.

Emma Jenkin – Chief Financial Officer

Emma is an ex-commodity trader, investment banker and key member of energy saving company Cool nrg. She is responsible for overseeing the organisation’s finances and capital raisings.

Nick Brass – Energy & Partnerships

Nick is a solar expert, co-founder of Energy Matters, and driving force of Cool nrg. Having facilitated some of the country’s largest commercial and industrial solar plants, he will be responsible for DC Power Co.’s strategy and delivery of additional products and services excluding electricity retail.

Monique Conheady – Director & Marketing

Founder of car sharing disruptor Flexicar, ex-leader of Hertz’ marketing team and serial board member of socially and environmentally focused companies, Monique will sit on the board of DC Power Co. and oversee brand marketing and customer experience.

IMPORTANT: Please read the below information before investing in this Equity Crowdfunding offer.

RISK WARNING:  Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks. You may lose your entire investment, and you should be in a position to bear this risk without undue hardship. Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares. Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.

Even though you have remedies for misleading statements in the replacement offer document or misconduct by the company, you may have difficulty recovering your money. There are rules for handling your money. However, if your money is handled inappropriately or the person operating this platform becomes insolvent, you may have difficulty recovering your money. Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.

NEW INVESTORS - 5 DAY COOLING OFF PERIOD: There is a 5 business day cooling off period for retail investors. During this period, you may withdraw your application and receive a full refund into your nominated refund account. More information here.

PRIOR TO 26 MARCH 2018 INVESTORS – 30 DAY COOLING OFF PERIOD: If you invested in DC Power Co. before the replacement offer document was issued on 26 March 2018, there is a 30 day cooling off period for retail investors. During this period, you may withdraw your application and receive a full refund into your nominated refund account. More information here.

ONMARKET FEES: Upon successful completion of the Offer, a maximum fee of 6.5% of the funds raised will be paid to OnMarket by the Company.

ONMARKET INTERESTS AND AMOUNTS SUBJECT TO COOLING OFF: The funding bar displayed under each crowd funding offer may include applications where payments are yet to be made and amounts that are subject to the cooling off period. OnMarket staff will be participating in this offer.

Section 734(6) disclosure: The issuer of the securities is DCP Company Limited ACN 619 866 072. The securities to be issued are ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).‚Äč

The offer close and the 'Pay By' dates may change. Duplicate bids under the same investment profile or investor name may be cancelled.

Question time

We'd love to answer your questions, we'll have one of the OnMarket team or the company representative of the offer get back to you asap. So ask away ...

keeping Incentive

We are in S.A. . We have a 1.5KW solar and are on the max. Incentive for S.A. will it be to are advantage to be involved with D.C. Power? Roy

Roy M (OnMarket member) on 15/03/2018

Hi Roy, Absolutely! Whether you intend to be a customer of DC Power Co or not (that would be a decision you'd be able to make based on your own situation) we're still inviting you to invest. Like any other investment, you'd share in any future profits should the company do well.

Have a great day, thanks for getting in touch.
Ash

Ash D (DC Power Co. representative) replied to Roy M on 15/03/2018

I hope that you will look after us Tasmanian's in the future?

Peter W (OnMarket member) replied to Roy M on 12/04/2018

Absolutely Peter. For Tasmania we will need to take our time to design a competitive offer that could compete with the incumbent provider, but we'll be there as soon as we can!

Ash D (DC Power Co. representative) replied to Peter W on 13/04/2018

5000 in my account

Jonnes M (OnMarket member) replied to Peter W on 19/04/2018

6000

Jonnes M (OnMarket member) replied to Peter W on 19/04/2018

Incorrect bank account number given for our debit how can we amend them?

Bruce G (OnMarket member) replied to Roy M on 20/04/2018
Reasonable Monthly Fee

Hi - What is the ballpark figure for the "reasonable monthly fee" this is very ambiguous? - Thanks

Suzanne E (OnMarket member) on 15/03/2018

Hi Suzanne,
It will likely be approx. $25, however I can't give you an exact number yet because we're yet to set up the company as a retailer!
Thanks,
Ash

Ash D (DC Power Co. representative) replied to Suzanne E on 15/03/2018

This tells me that you havent really validated your pricing. For example, I would expect that you should have a clear idea of fees if you have solid financials scoped, and know your cost and revenue structures. Do you?

Leticia M (OnMarket member) replied to Ash D on 15/04/2018
credit card payment

Can I pay by credit card?

andrew l (OnMarket member) on 15/03/2018

Hi Andrew, Currently credit card payments for Equity Crowdfunding offers is not permitted - we hope the banks will come to the part y soon! However OnMarket has 3 payment options available for offers: BPay, Direct Deposit and Payment Express.
Best, Simon (OnMarket Team)

Simon C (OnMarket staff) replied to andrew l on 15/03/2018

My money

Jonnes M (OnMarket member) replied to andrew l on 12/04/2018
Monthly fee

If the ballpark figure for the monthly fee is around $25 that is ~$75 for the standard 3mth billing period but my last bill from my current supplier was $0.00 and is rarely if ever now over $75 for a 3 mth cycle so it seems with DCco I would be out of pocket each month?

Trevor M (OnMarket member) on 15/03/2018

Good point - you already pay a fixed fee per month of about $1 per day in standing charges to your conventional retailer. As a solar owner your FiT offsets this cost (I got a $128 credit on my last bill). The model they are proposing will benefit large grid-energy users the most because they get very cheap kWh for a low monthly fee. It appears to disincentivise solar ownership - unless I am missing something?

Finn P (OnMarket member) replied to Trevor M on 15/03/2018

Hi Trevor, We understand that each household uses their solar differently, so "getting the most out of your solar" means different things for each person. Therefore, you might decide that our model isn't the best one for you, as that's totally fine!
That said, if you'd still like to get involved and help us build this company dedicated to solar homeowners, you're still welcome to invest! Investing doesn't mean you have to become a customer in the future! - Ash

Ash D (DC Power Co. representative) replied to Trevor M on 15/03/2018
Long term methods to increase or decrease investment

The offer document does not cover the long term ambitions of the company re ASX or other market listings. Does DC Power have an intention in respect of this? Although I appreciate this crowd funding is more useful as proof of concept of the appeal of the proposed product rather than a serious attempt to attract long term investors (not including those classified as Sophisticated), I am wondering what the longer term options for either increasing my investment or disposing of it might be.

Roman R (OnMarket member) on 15/03/2018

Thanks for the question Roman. We will be examining our options as the company grows and so we cant commit to a plan at this stage. But I'd recommend you have a look at Section 2.6 in our offer document for more info on that kind of thing.

Ash D (DC Power Co. representative) replied to Roman R on 15/03/2018

Hi Ash,
I had a look at Section 2.6 'Risks' but couldn't seem to find any more info. Does the company have any sort of idea how ordinary shares might be disposed of, or when crowd-funding investors might be able to do so? Anything you could tell me would be good to know before committing to an investment.

Regards,
Sam

Sam P (OnMarket member) replied to Ash D on 04/04/2018

No worries Sam. We're a public unlisted company, so the shares aren't listed on the ASX. As such, you won't be able to buy and sell our shares as you would shares listed on the ASX. Instead, the profits you'll see from shares in DC Power Co, are the potential dividends.
Of course we're still building the company and examining our options, so listing on the ASX in future is a possibility, however we haven't committed to a plan as of yet.

Ash D (DC Power Co. representative) replied to Sam P on 05/04/2018
loss of investment share

could investors ever be out of pocket more than the investment (shares bought) if the whole thing goes "belly up"??

Matthew P (OnMarket member) on 15/03/2018

Hi Matthew, Like any investment, that is a risk.

Ash D (DC Power Co. representative) replied to Matthew P on 15/03/2018

I would like to know more about this too.

Richard L (OnMarket member) replied to Ash D on 16/03/2018

Hi again Matthew and Richard - I know I already responded to this but looks like my answer has disappeared!
My apologies, I read your question incorrectly Matthew so please ignore my first answer. No, you're definitely not liable to lose anymore than your initial investment amount (ie. if you invest $50, it's not possible for you to lose any more than that amount.) Thanks!

Ash D (DC Power Co. representative) replied to Richard L on 28/03/2018

So dose this mean you can take more money out of a person bank accounts

Stacey K (OnMarket member) replied to Ash D on 03/04/2018

Hi Stacey, Absolutely not. Investors will never be asked to pay any more after their initial investment - once you've bought your shares, that's it, you own them, no more to pay. Not to mention, we definitely won't have access to anybody's bank account!

Ash D (DC Power Co. representative) replied to Stacey K on 04/04/2018
Investing

I wish to purchase shares for my daughter- she will be turning 16 in july, but it says in the profile t & C's she must be over 18. What can I do?

ALEXANDRA T (OnMarket member) on 15/03/2018

Hi Alexandra, unfortunately the legislation only allows people over the age of 18 to invest. You (and any other family members over 18) are welcome to invest on her behalf. Thanks for your interest. Regards, Matt

Matthew T (OnMarket staff) replied to ALEXANDRA T on 16/03/2018
$/kw

How much are you planning to pay perKWH?

Gabriel D (OnMarket member) on 16/03/2018

Hi Gabriel, Because we're not yet an operational retailer (we're still building the company - that's where the CSF campaign comes in!) I can't yet tell you what our prices will be. However we guarantee to get our customers the best deals we can. - Ash

Ash D (DC Power Co. representative) replied to Gabriel D on 16/03/2018
Suitability

I live in Mackay, Nth Queensland. I have a 6 kw solar system fitted to my residence.We only have one electricity supplier, so they determine what feed in tariff we receive. What advantage would be to me to invest in your company.

Alan D (OnMarket member) on 16/03/2018

Hi Alan, Thanks for getting in touch. Unfortunately, as a retailer, we won't be able to operate where Ergon does, as we won't be able to compete as a brand new company. In terms of the investment offer though, any Australian citizen located anywhere in Australia that's over 18 years old can invest in DC Power Co. So you could be an investor even though you cannot be a customer straight away, and that investment will see you own a piece of DC Power Co., allow you to have a say in how the business is run, and offer a share in future profits. - Ash

Ash D (DC Power Co. representative) replied to Alan D on 16/03/2018
Founding Shareholders Agreement

Why isn't the FSA not disclosed? How did this company accrue 300k revenue in 10 months if it isn't a retailer? Looks like a money spinner for the founders. $1.2M expenses already. WOW.

nicoleen a (OnMarket member) on 16/03/2018

Hi Nicoleen! DC Power Co.s accountants, Tonic Partners prepared the financial statements in accordance with the Australian Accounting standards. The revenue item is part of the ARENA grant that is being used for the crowd-source funding campaign. As for the founders, they have been working on this project for over 18m and the majority of their time has been unpaid. Please refer to the Offer Document on page 24 for remuneration for 2018.

Ash D (DC Power Co. representative) replied to nicoleen a on 17/03/2018

I too would like to understand more about the FSA. What are the restrictions on the sale of shares by those bound by the agreement? What happens to the shares if a entity bound by the agreement ceases to be involved with the company? How many shareholders are bound by this agreement? Apart from the crowd funding shareholders are there any shareholders not bound by this agreement? I'm a bit concerned about the level of disclosure here.

Gavin M (OnMarket member) replied to Ash D on 24/03/2018

Hi Gavin, Our FSA imposes restraints on the founding shareholders in regard to having interests in competitive business(es)
during and after their respective periods of involvement with DC Power Co. It does not grant any rights to the parties to that Agreement that are more favourable than those of crowd-sourced funding Investors. I'd recommend having a look on page 20 of our Offer Document: https://www.onmarket.com.au/offers/dc-power-co/offer-document/

Ash D (DC Power Co. representative) replied to Gavin M on 26/03/2018
Monthly fee and feed in

Can you give some idea of what you would anticipate your monthly fee and feed in tariff to be

Peter A (OnMarket member) on 16/03/2018

Hi Peter! It's not possible for me to give you exact figures (because we've not yet built the company) but the fee for customers would be approx $25 p/month. DC Power Co will have a entirely new pricing model thats not comparable to current providers that want to sell you more energy. Well use a range of smart strategies and initiatives (solar system optimisation, fair feed in tariffs, wholesale usage rates etc) to ensure your bills are cheaper with us. If you like, check out page 10 of our Offer Document which talks about our savings guarantee: https://www.onmarket.com.au/offers/dc-power-co/offer-document/

Ash D (DC Power Co. representative) replied to Peter A on 17/03/2018
Hi

When do we get dividends, if we do. Will that be quaterly or yearly.

Also, I don't have solar power at my place yet. Can I still Invest?

Jasmeet K (OnMarket member) on 17/03/2018

Hi Jasmeet, We haven't determined that yet, that's something that would be worked out down the track, once we've secured enough investors to actually build the company! You can definitely invest even if you don't have solar, we'd love to have you on board!

Ash D (DC Power Co. representative) replied to Jasmeet K on 19/03/2018
registering share purchased

G'day.. i read in the document that we need to register any share we buy.
how much does this usually cost?
i've never held shares before so have no idea on ongoing costs involved.
can anyone buy in or is it better that experienced shareholders do this?
i really like the idea of what you are trying to accomplush and hope you reach al of your goals.

Peter H (OnMarket member) on 18/03/2018
shares

g'day again.. just wondering if it's 1 lot of shares per household or can my partner buy some in her name or even my stepson who is over 18?
still waiting for an answer to above query as wel..

Peter H (OnMarket member) on 19/03/2018

Hi Peter, Thanks for getting in touch. It's one $50 investment per person, so your partner and stepson can absolutely invest as well!
In response to your questions above, there will be no ongoing costs - once you've paid your $50 that's it! Anyone can buy in, whether you're an investment veteran or this is your first time! Just make sure you're aware of the risks involved, because like any investment, crowdfunding comes with risks. Thanks!

Ash D (DC Power Co. representative) replied to Peter H on 19/03/2018
Getting Energy Matters to provide an invoice as requested

To Nick Brass - why has it taken 6 weeks for Energy matters to provide an invoice correctly ie in the name of myself and my wife to the address where battery was installed? Our bank is stands ready to fund the transaction once Energy matters provides this invoice.

Conrad S (OnMarket member) on 20/03/2018

Hi Conrad, I'm sorry to hear you're having trouble! I'd recommend getting in touch with Energy Matters directly about that one: https://www.energymatters.com.au/contact/

Ash D (DC Power Co. representative) replied to Conrad S on 21/03/2018

Hi again Conrad - let me know if you'd like me to pass your details on to Energy Matters. I'd just need your contact details (ie. email address, etc)

Ash D (DC Power Co. representative) replied to Ash D on 22/03/2018
Retailer supplier

If you become a retailer and i sign up to dc power what happens if my bill is in credit each quarter can i get a refund of money owing to me

Kelly G (OnMarket member) on 20/03/2018

Hi Kelly, We understand that you may have excess supply and be in credit at the end of each quarter. Our intention is to cash our that credit each quarter for customers, so they not just save money, but actually MAKE money.

Ash D (DC Power Co. representative) replied to Kelly G on 20/03/2018
Tech

Have you heard of power ledger, and if you have would you use their block chain technology to trade power

Neil T (OnMarket member) on 20/03/2018

Neil, I think that PowerLedger could be a great partnership for DC Power. I love their tech.

Ross C (OnMarket member) replied to Neil T on 21/03/2018

YES, LOVE IT! We will definitely need to deploy some type of blockchain verifiction of trades when we establish the peer to peer (P2P) solar trading platform as part of DC Power Co's customer offer

Ash D (DC Power Co. representative) replied to Neil T on 22/03/2018
Tasmania

We're planning a move to Tasmania. Will we be able to participate?

Barbara L (OnMarket member) on 20/03/2018

Absolutely Barbara, the investment offer is open to everyone across the country!
In terms of our operations in the future, we will operate in Victoria, SA, NSW, ACT and the majority of Queensland. For Tasmania we would take our time to design a competitive offer that could compete with the incumbent provider.

Ash D (DC Power Co. representative) replied to Barbara L on 20/03/2018

That is something I will be looking forward to - some energy provider competition in Tasmania

Angela J (OnMarket member) replied to Ash D on 24/03/2018

Me too!

Giselle B (OnMarket member) replied to Angela J on 02/04/2018

Us too!

Ash D (DC Power Co. representative) replied to Giselle B on 03/04/2018
DC Power Co Country of Headquarters

Which country will be the headquarters of DC Power Co?

John D (OnMarket member) on 21/03/2018

Hi John! We're located in Melbourne, Australia.

Ash D (DC Power Co. representative) replied to John D on 21/03/2018
Directors Holdings CFO etc

What are the holdings of Directors CFO etc..inc Nic,Emma Nick and Monique.. as a number of shares and % of intended issue ?

gary k (OnMarket member) on 21/03/2018

Hi Gary, That will depend on how many shares people buy through the CSF campaign and other fundraising, but if you'd like to get some more nitty gritty details, please have a look at our Offer Document: https://www.onmarket.com.au/offers/dc-power-co/offer-document/ Particularly sections 2.5.1 and 2.5.2

Ash D (DC Power Co. representative) replied to gary k on 21/03/2018
No real question.

I just wanted to say how awesome this whole idea is. You can have my $50, and a big fat smile to go with it.

You're doing a great thing.

Ross C (OnMarket member) on 21/03/2018

Thanks Ross, it's so nice to get such wonderful feedback! A big thank you and a smile back atcha!

Ash D (DC Power Co. representative) replied to Ross C on 21/03/2018

Also, I would like to let you know that I understand that you are a brand new company, and as such, you may not have all of your systems in place yet, or your bugs ironed out. You also may not have finalised all of your policies, or they may change over time. I love your idea, and I appreciate that your staff are doing what they can.

You won't find me complaining about delays, arguing when things don't turn out as planned, or badmouthing you on social media because you quoted Q1 2019 & didn't deliver until a week into Q2.

Keep being awesome. We support you!

Ross C (OnMarket member) replied to Ross C on 21/03/2018
Investment

I have invested in your Company , I would like to know what happens now with my investment, do you keep me up to date with what is going on .

Robert H (OnMarket member) on 21/03/2018

Hi Robert, Absolutely! Your money will now be held in escrow until we reach our goal of 35,000 investors, in which case you'd get confirmation of your investment. If we were to fall short of that goal, your money would be returned to you! Thanks for getting involved!

Ash D (DC Power Co. representative) replied to Robert H on 21/03/2018
Investment

I'm ready to give up a pineapple lets go how do l do it

Steven G (OnMarket member) on 21/03/2018

Hi Steven, simply go to https://www.onmarket.com.au/ and click invest button to go through a few simple steps to invest your hard earned in DC Power. Any issues please contact us at enquiries@onmarket.com.au

Simon C (OnMarket staff) replied to Steven G on 22/03/2018
NEM Market access

Hi
Iam really interested but have the following queries;
1 What are you offering solar battery owners beyond what powershop offer. I see they are introducing quarterly payments for battery owners who sign up for there demand management scheme.
2 Will you be able to offer access for owners to participate in the spot energy and aux frequency services NEM market? What are your T&Cs in relation to this
Regards
Bruce

Bruce W (OnMarket member) on 21/03/2018

Hi Bruce, Great questions. We'd love to offer these services but it will depend on how many investors and how many customers we end up with. That, along with who our partners are and what our retail launch strategy is, will determine what will be practical to offer.

Ash D (DC Power Co. representative) replied to Bruce W on 23/03/2018
Status of your business and rationale for $20m valuation?

Hi, Can I just confirm that you a) currently don't have an electricity retailer's license. b) Do not have a billing platform / have not yet built a technology platform to manage the insights and electricity trading advantages for consumers you're proposing c) are a pre-revenue company (other than $300k in "other revenue" accrued in current assets on your balance sheet) - what is this, by the way?, it's not detailed in your offer doc... d) reflecting on the above, what basis do you have for a $20m asking valuation? e) How much money will the founders and key management be investing at this valuation? f) At what valuation was the seed round done, 3-6 months ago (Q4 2017)?

Charles W (OnMarket member) on 22/03/2018

CharlesW:

Good questions and I can give you the answer now: They just don't know.

They figure $50 is worth punters to try and see what happens.

I guess the Founders Directors are not making any money, and will not, until the business actually gets a Retailers licence and starts trading.

Alex P (OnMarket member) replied to Charles W on 22/03/2018

Hi Charles,
Great questions. Not in order but hopefully to cover it all.

We have gone through a 'due diligence' process with ARENA and they have put some safe guards in place to ensure we don't draw on the CSF investors funds until we have secured access to licences. It is most likely that for our first year or two we will use a white label service and we have several that would deliver access to licences, billing and an energy wholesale price designed by us for people with solar. We have several companies interested in this and we believe we could deliver this solution within a few months of successfully completing this funding round.

The pre-money valuation of $20m is based on the modelling we have done based on building a business with a minimum customer base of 15,000 and a second National CSF campaign next year once we have retail licences to invite 100,000 (modeled 70% success rate) to sign up as customers and owners. We have then modeled for a further 4 years with no growth to keep the model conservative.

The $300k was the first payment from ARENA supporting 50% of the costs of the CSF campaign.

With regards to founders investments it has been a mix of cash and time. For example I gave up work and worked on this without a salary for nearly 2 years.

Hope that helps. Last thing is that we only want people to invest if they can afford it and understand the risk. Our motivation is, the system is crap for solar owners and together we can make it better.

More power to you :)

Nic
Co-founder and CEO

Ash D (DC Power Co. representative) replied to Charles W on 23/03/2018

Hi Nic, Ash and Team,
If the Licences are NOT granted full stop and the safeguard of CSF has not been used by safe guards put in Place ARENA does that mean that CSF will be returned to investors?? Thanks Yasmin

Yasmin C (OnMarket member) replied to Ash D on 27/03/2018
getting ready to start a new build

Hi, my wife and I are in the planning stage of building our new home in QLD. What should we be considering as a new DC power customer and investor?
Dave

David M (OnMarket member) on 23/03/2018

Hi Dave, How exciting - all the best for the build!
The first thing to understand is that investing and becoming are customer are totally separate - by investing, you're not signing up to be a customer, though of course we'd love for you to become a customer once we're up and running as a retailer. That's the second thing to bear in mind - we're yet to build the company and that won't happen for a matter of months (assuming we have a successful CSF result), so we won't be able to be your energy retailer straight away. Hopefully once your build is complete though, we will be! Finally, and most importantly, where are you located in QLD? DC Power Co will operate in Victoria, SA, NSW, ACT and the majority of Queensland, but unfortunately we won't be able operate where Ergon Energy does.

Ash D (DC Power Co. representative) replied to David M on 23/03/2018
Will DC Power Co be available in Tasmania?

Tasmania currently only has one Electricity provider despite competition being introduced in 2014, no other retailers have yet entered the Tasmanian market.
If i invest in DC Power Co will i be able to take advantage in Tasmania of what is on offer?
Or to put it another way, will DC Power Co be available to Tasmanians

Dale D (OnMarket member) on 26/03/2018

Hi Dale, We will operate in Victoria, SA, NSW, ACT and the majority of Queensland. For Tasmania we would take our time to design a competitive offer that could compete with the incumbent provider.
In terms of the investment offer though, any Australian citizen located anywhere in Australia that's over 18 years old can invest in DC Power Co. So, if you like, you could be an investor even though you cannot be a customer straight away!

Ash D (DC Power Co. representative) replied to Dale D on 26/03/2018
Shares

How do I go about buying shares?

P K (OnMarket member) on 26/03/2018

Hi PK, simply click the blue invest button and follow the steps through to payment. Any issues or questions please email us at enquiries@onmarket.com.au

Simon C (OnMarket staff) replied to P K on 27/03/2018
Market for shares

Do you have plans to list on the ASX and if not what will be the arrangements buying / selling the shares people are buying?

Michael F (OnMarket member) on 26/03/2018

Hi Michael, We're a public unlisted company (not on the ASX) so you won't be able to buy and sell our shares as you would shares listed on the ASX. Instead, the profits you'll see from shares in DC Power Co, are the potential dividends.

Ash D (DC Power Co. representative) replied to Michael F on 27/03/2018
Shares

So can anyone buy more than $50.00 shares
Regards kelly

Kelly G (OnMarket member) on 26/03/2018

Yes Kelly, that is correct - you can now invest up to $10,000.

Simon C (OnMarket staff) replied to Kelly G on 27/03/2018
Feed-In_Tariff

My "Feed in Tariff" is very poor at around 11.5c per Kilowatt hour. Will you be looking to improve this rate?
Further, when I installed solar panels on my roof my retailer kindly increased me standard power cost and introduced a 2 tariff system for my billing. How would you plan to reduce my cost per kilowatt rate from the grid ?

Brian R (OnMarket member) on 26/03/2018

Hi Brian, DC Power Co will have an entirely new pricing model thats not comparable to current providers that want to sell you more energy. Well use a range of strategies and initiatives (solar system optimisation, fair feed in tariffs, wholesale usage rates etc) to ensure your bills are cheaper with us. I can't say just yet exactly what our prices will be (as we're still building the company!) but we're so confident you'll be better off with us that we're making a savings guarantee. Check it out on page 10 of our Offer Document: https://www.onmarket.com.au/offers/dc-power-co/offer-document/

Ash D (DC Power Co. representative) replied to Brian R on 27/03/2018
Sandgropers are interested, too

Haven't seen any mention of Western Australia here; we have plenty of sunshine but suffer the same punishment for going solar as everyone else. Is this really a national project or just something for the benefit people who aren't in the clutches of Synergy or Ergon?

Colin P (OnMarket member) on 26/03/2018

Hi Colin, We feel your pain over there in WA!
The investment offer is absolutely available nation-wide, however unfortunately once we're up an running we won't be able to be an energy retailer in WA because it is not contestable for us as a brand new company. Our apologies, if the energy landscape was different in WA we'd be there in a heartbeat.

Ash D (DC Power Co. representative) replied to Colin P on 27/03/2018
risk management

i dont no much in what im doing can you please guide me with my 400 shares i think there in the risk one im 65 and lost sorry ty mr j jones or can you help or place them ?

jeff j (OnMarket member) on 27/03/2018

Hi Jeff, Are you asking about the potential risk when investing? Essentially, you're not liable to loose any more than you initially invest - ie. once you buy your shares you won't ever be asked to put more money into the company. However please consider the ECF Offer Document and general ECF risk warning when investing. We only want people to invest if they can afford it and understand the risk.

Ash D (DC Power Co. representative) replied to jeff j on 27/03/2018
Licences and ability to proceed

I see that ARENA have put in place safeguards and "Due Diligence" to protect CSF monies while applying for Licences needed to proceed and become a retail company.
If licences are rejected and simply not going to be granted does this mean that we as investors will be refunded as the CSF have been protected prior to this.

Yasmin C (OnMarket member) on 27/03/2018

Hi Yasmin, That's correct - ARENA is acting as a safeguard for investors to ensure we have a sustainable business model and that we can adequately fulfill on our promises made throughout the CSF campaign. If we were unable to satisfy their requirements, we would refund the CSF money

Ash D (DC Power Co. representative) replied to Yasmin C on 28/03/2018
Retail investor

What is meant by retail investor- am I able to invest more than $50 as an invidivual?

Christopher H (OnMarket member) on 29/03/2018

Hi Christopher, Absolutely, you can invest between $50 - $10,000!

Ash D (DC Power Co. representative) replied to Christopher H on 29/03/2018
electricity retailing licenses

Which states and territories do you plan to obtain an electricity retailing license for?

Ben E (OnMarket member) on 29/03/2018

Hi Ben, We will operate in Victoria, SA, NSW and the majority of Queensland. Unfortunately, we can't be an energy retailer in WA or NT because it is not contestable. Same with far north QLD, where Ergon Energy operates. For Tasmania we would take our time to design a competitive offer that could compete with the incumbent provider. The investment offer, though, is open to everyone nation-wide!

Ash D (DC Power Co. representative) replied to Ben E on 29/03/2018

Thanks, Ash. What about the ACT?

Ben E (OnMarket member) replied to Ash D on 29/03/2018

ACT is another tricky one, so similar to Tassie we'll have to take some time to work out a competitive offer that can allow us to compete.

Ash D (DC Power Co. representative) replied to Ben E on 30/03/2018

I wish this country would abolish state governments and all this bureaucracy and just let us all have access to whatever freaking energy retailer we want. I also live in the ACT, but clearly the nation has spoken in supporting this campaign thus far and if you are a solar owner, you should be able to choose regardless. I would rather pay more to DC Power Co to begin with and support a company that we have invested in which is investing in our future!

kathryn s (OnMarket member) replied to Ash D on 12/04/2018

Hello
Can you elaborate how far up into QLD you will be looking at going, as I live in the area of Central QLD, with Ergon. I don't understand what you mean by "not contestable", or how an area can be "not contestable".

Raymond C (OnMarket member) replied to Ash D on 05/04/2018

Hi Raymond, Essentially we'll be able to operate anywhere in QLD where Ergon does not have a monopoly. It's not contestable for us because Ergon is a government owned provider and is so heavily subsidised that it's just not possible for us, as a brand new company, to compete. That said, once we're up and running, if we have a lot of interest from people in that area, we'll definitely do our best to work out a strategy to be able to operate in the area. I hope you can understand that, otherwise we'd love to be able to operate in North/central QLD!

Ash D (DC Power Co. representative) replied to Raymond C on 06/04/2018
Confirmation

Is OnMarket Equity Crowdfunding offer in DC Power Co.only open to Australian
Citizens & Residences (NOT OVERSEAS INVESTMENTS)?
Graeme S (on market member) March 2018

Graeme S (OnMarket member) on 30/03/2018

Hi Graeme, Yes that's correct. Investors must be Australian residents.

Ash D (DC Power Co. representative) replied to Graeme S on 30/03/2018
Equity

Please can you tell me what 8.04% equity means.

Stephen B (OnMarket member) on 30/03/2018

Hi Stephen, That refers to the % of DC Power Co that the shareholders will own collectively, at the point of our minimum CSF goal ($1.75 million).

Ash D (DC Power Co. representative) replied to Stephen B on 31/03/2018
finance

if any thing goes wrong are the investers left to fight the crediters as this is not clear to me when I read the proposal sent to me, as I was reg to receive when u got to this stage and is there monthly fees or extra investment due at any other stages along the way to the end.

shaun s (OnMarket member) on 30/03/2018

Hi Shaun, Investors aren't liable to lose anymore than the initial investment made, and if we were to fall short of our CSF goal all investors will get their money back. There are absolutely no fees or any ongoing payments - once you've purchased your shares, that's it!

Ash D (DC Power Co. representative) replied to shaun s on 31/03/2018
Solar and Wind

Hi, I have both a 3.3kW wind turbine and about 7kW of solar, currently we are limited to supplying no more than 5kW to the grid, is this going to remain or can we export more than 5kW with DCP?

Marcel G (OnMarket member) on 02/04/2018

Hi Marcel, Congratulations on being (what seems like) almost 100% sustainable!
Once we're up and running, we will have to work within the guidelines of the network operators. There may be ways around this, however nothing's ever easy is it?! Drop us a line again once we're up and running, and lets talk!

Ash D (DC Power Co. representative) replied to Marcel G on 05/04/2018
# Investors versus $Funds Raised

I have read that DC Power is looking to raise a minimum of 1.75 million and a maximum of 4.75 million through this crowdfunding exercise from between 35,000 and 95,000 investors.

As it stands, it looks like the minimum funding target looks reasonably attainable - however the number of investors looks 1/3 of the size that was forecast.

Can someone advise what the impact to the plan if the funds are attained, but the investor base remains well under what was hoped for. Will do he business model still be viable?

Scott E (OnMarket member) on 03/04/2018

Hi there, Thanks for reaching out. Your comment is right to some degree and is what we have been grappling with. We have had so much feedback that the fact that people could only invest $50 was stopping them from joining in. On the other hand we really wanted to start with as many owner/customers as possible.

Ultimately we believe we can build a company that offers a solar focused business with the sort of numbers we have on board now, and then we can go back with another round of crowd source funding, hopefully at a higher value, that will attract people because they can also see the product. We believe the best investment opportunity is now and that with the 12,500+ investors already signed up we hope to attract more people by opening it up to larger investment totals.

I have just emailed everyone I know - the more the merrier, and as you point out the value grows too.

Thanks,
Nic, DC Power Co co-founder

Ash D (DC Power Co. representative) replied to Scott E on 03/04/2018
Progress bar and numbers

Under the progress bar there is "Equity 8.04%". I cannot derive 8.04% from any of the numbers shown. What does it mean?

John S (OnMarket member) on 03/04/2018

Hi John, That refers to our target: the % of DC Power Co that the shareholders will own collectively, at the point of our minimum CSF goal ($1.75 million).

Ash D (DC Power Co. representative) replied to John S on 03/04/2018
Answered about 4 posts prior...

John, this was answered by Ash about 4 posts earlier - see her response below...

Hi Stephen, That refers to the % of DC Power Co that the shareholders will own collectively, at the point of our minimum CSF goal ($1.75 million).

Ash D (DC Power Co. representative) replied to Stephen B on 31/03/2018

Scott E (OnMarket member) on 03/04/2018

You beat me to it Scott! You should be doing my job for me!

Ash D (DC Power Co. representative) replied to Scott E on 03/04/2018
Calls

Regarding calls, does this mean that at any time the company may request a payment (which will have to be paid).
from all its share holders

Robert M (OnMarket member) on 03/04/2018

Hi Robert! Sorry, I'm not completely with you. Which calls are you referring too? If you're asking whether investors will be asked to pay more after you've bought your shares, that answer is definitely not. Once you've initially purchased your shares, that's it, you won't be asked to pay any more.

Ash D (DC Power Co. representative) replied to Robert M on 04/04/2018

In the company constitution there is a section on calls page 6. Can you please explain the meaning of this

Robert M (OnMarket member) replied to Ash D on 04/04/2018

Sorry Robert, I'm with you now! That just refers to the fact that investors need to fully pay for their shares, and if there is an amount unpaid, DC Power Co will get in touch to ask you to pay for those. IE If you purchase 100 shares, you need to pay the full $50 for those shares.

Ash D (DC Power Co. representative) replied to Robert M on 05/04/2018
Calls

Hi Ash, I thought I read in the docs that a call (for additional funds) could be made

Robert M (OnMarket member) on 04/04/2018
Infrastructure

I am uncertain what the capital raising will buy. Is it infrastructure to produce solar power or is it just processes and services?

Warren J (OnMarket member) on 05/04/2018

Hi Warren, The investment funding will go toward setting up DC Power Co as an energy retailer. We'll be a retailer for solar households, so we will give solar people cheaper bills, better feed-in tariffs, transparency around how your investment is actually working, genuine guidance on how to get more out of your solar and wholesale top-up prices for when you need a little extra from the grid.

Ash D (DC Power Co. representative) replied to Warren J on 05/04/2018
Solar power in Tasmania

I live in Tasmania and have installed solar panels. There is only one power supply company in Tasmania - Aurora Energy. Will DC Power be able to help me with getting better rates for solar energy I produce?

Barbara H (OnMarket member) on 05/04/2018

Hi Barbara, We will operate in Victoria, SA, NSW and much of Queensland. For Tasmania we would take our time to design a competitive offer that could compete with the incumbent provider. So, while we couldn't be there immediately, we do hope to be there in future.
In terms of the investment offer though, any Australian citizen located anywhere in Australia that's over 18 years old can invest in DC Power Co. So you could be an investor even though you cannot be a customer straight away!

Ash D (DC Power Co. representative) replied to Barbara H on 06/04/2018

This question been asked by myself and a couple of people now. As an investor what type of time frame are you working on to produce the competitive offer you are stating will occur. What then is you roll out plan and its time frame to enable us on the south island take advantage of this proposal..

Peter W (OnMarket member) replied to Ash D on 18/04/2018
FEES ETC

Hi, I have no clue in regards to investments etc. But my husband reckons that if you guys get what you need, that it would boom in time and be a good investment (especially re solar to battery/battery backup etc). You said you only pay $50 you're investing ,and thats it?,

But I want to make sure that ,that is absolutely correct,sorry but I just want to make sure I fully understand here, do we have to register shares, what about Brokerage fees as I hear some investments have these?. any fees? at all etc....

what about once,if the company gets off the ground?.

I am only a pensioner at the moment and so I do not want to lose a great lot, but again at the same time if you guys do well
I want to know that I have invested well for purposes of a better future financially. But because I may still be a pensioner for a little longer yet, I want to make sure that I wont have to pay out any other costs than what I am investing and that I am not charged in order to do so. Any info in regards to start up and possible ongoing costs would be most appreciative.

Thanks

Heidi

HEIDI O (OnMarket member) on 06/04/2018

Hi Heidi, Thanks for getting in touch.
Firstly, you can invest anywhere from $50 to $10,000 - it is completely up to you how much you'd like to invest.
I can assure you that, as part of the investment, you will not be required to pay any more than the amount you decide to invest. There are no fees to you as the investor (no broker fees, no registrations fees, nothing). If you decide you'd like to invest, say, $50 you will ONLY have to pay $50.
As this is an investment, there's no guarantees that we'll make a profit, so please only invest if you're financially comfortable doing so.
Finally, in regard to your question below about Ergon - we will not be able to operate as an energy retailer in areas where Ergon operate because it is not contestable. However, the investment offer is available nationwide, so you can still invest if you'd like to.

Ash D (DC Power Co. representative) replied to HEIDI O on 06/04/2018
Areas

I forgot to mention that I reside in Toowoomba Qld and we are a customer of Ergon, i think the only other company here is Origin but think they're just gas?...anyways you said you couldnt supply where Ergon is, firstly would that mean Toowoomba as well, and sceondly, why not???. Thanks

Heidi O

HEIDI O (OnMarket member) on 06/04/2018
I have no solar

Hello
I dont have solar. So by joining up and paying $50, how will this benefit me?
Thanks

Dave G (OnMarket member) on 06/04/2018

Hi Dave, The investment offer is completely separate from become a customer of DC Power Co. By investing, you're not "joining" anything, you're buying shares in the company. So, regardless of whether you have solar, you can invest and own your shares, and therefore stand to share in any potential future profits the company could stand to make. Does that make sense?

Ash D (DC Power Co. representative) replied to Dave G on 06/04/2018
Projections

Hi,

Is there a 3 or 5 year projection on things such as number of customers, revenue, cost, profit etc based on different scenarios such as amount of fund raised, Strong growth/weak growth etc?

Joshua L (OnMarket member) on 06/04/2018

Hi Joshua, The best place to go for all of that kind of info is our Offer Document: https://www.onmarket.com.au/offers/dc-power-co/replacement-offer-document/

Ash D (DC Power Co. representative) replied to Joshua L on 07/04/2018

Hi Ash,

Thanks for getting back to me.
Can you please point me to the relevant section?
I am unable to locate

Thanks in advance

J

Joshua L (OnMarket member) replied to Ash D on 07/04/2018

I'd have a look at section 2.3 which talks about the business model and 2.5 which looks at capital structure inc. financials, valuation, etc. Thanks Joshua!

Ash D (DC Power Co. representative) replied to Joshua L on 09/04/2018
Investment returns

How will the company make money? I invested in solar but still pay my energy retailer for the energy that I use when the sun is not shining at a rate much more than they pay me for my feed in when the sun shines as well as paying the monthly fee I am charged for getting nothing in return. How will DC Power improve on my current retailer as I will still require energy when the sun does not shine? My current energy retailer buys cheap dirty base load power and sells it to me at a price much higher than the price they pay me for my clean energy making huge profits from cheap dirty energy as well as gouging a monthly fee out of me. How does DC Power plan to be clean solar only but make a profit for share holders?

Ross W (OnMarket member) on 07/04/2018

Hi Ross, DC Power Co will have an entirely new pricing model thats not comparable to current providers that want to sell you more energy. Well use a range of strategies and initiatives (solar system optimisation, fair feed in tariffs, wholesale usage rates, etc) to ensure your bills are cheaper with us. If you like, check out page 10 of our Offer Document which talks about our savings guarantee: https://www.onmarket.com.au/offers/dc-power-co/offer-document/

Ash D (DC Power Co. representative) replied to Ross W on 07/04/2018
SA government feed in tariff for early-adopters

We are in SA and currently get 48c feed in tariff plus 12c from our retailer. would we still get the 48c?

Debbie T (OnMarket member) on 07/04/2018

Hi Debbie, Is that on a government rebate? If so, you'd be able to carry that across to DC Power Co.

Ash D (DC Power Co. representative) replied to Debbie T on 09/04/2018
Return

Hi, could you tell me at what stage or time I could withdraw my investment ? Regards PETER R.

Peter R (OnMarket member) on 09/04/2018

Hi Peter, Thank you for your enquiry, you can cancel your investment any time up until the close date, which is Sunday 15th April at midnight.

Simon C (OnMarket member) replied to Peter R on 09/04/2018
Congratulations!

Not so much a question as a compliment. Looking forward to seeing this venture grow.

Maybe not in scope, but it would be great if there were plans in the future to offer or link up to offers for residential solar. I would love to add more panels and one or more batteries, but the cost up front makes it hard if not impossible.

Heres to the future! Well done folks...

Scott E (OnMarket member) on 10/04/2018

Thanks Scott! We've fit our minimum funding target which is great, now it's time to really make an impact - let's make this as big as it can be!
That's definitely something we plan to be able to help you with Scott once we're up and running.

Ash D (DC Power Co. representative) replied to Scott E on 10/04/2018

We've *reached* our minimum funding target, I should say!

Ash D (DC Power Co. representative) replied to Ash D on 10/04/2018

Thanks Scott for your comment, the investors are to be congratulated too!

Simon C (OnMarket staff) replied to Scott E on 11/04/2018
Equity

I have noticed that the Equity for this offer has changed from 8.4% to 8-19% is this due to the strong interest that has been received, can you advise how this has come about. I imagine each $50 investment has an equal equity share, interested in your comments. Helen Hunter

Helen H (OnMarket member) on 10/04/2018

Hi Helen, Because we've reached our minimum funding target, we can now fund anywhere up to $4.75 million and the total amount of money invested will determine the total equity % at the close of the offer. IE. If the offer were to close while we were still at $1.75 million, the CSF shareholders would collectively own 8.04% of the company, but if investors buy (collectively) $4.75 million worth of shares, then they'll own 19% of the company (or anywhere in between).

Ash D (DC Power Co. representative) replied to Helen H on 10/04/2018

I need is finance or loan money 250,000 to Westpac account or commonwealth bank or nab bank thankyou

der t (OnMarket member) replied to Helen H on 20/04/2018
What areas will DC Power be offering power to?

We live at Kurri Kurri NSW and my current provider is Origin. Will we be able to come on board to DC?

Jack W (OnMarket member) on 12/04/2018

Absolutely Jack! We'll be operational across all of NSW.

Ash D (DC Power Co. representative) replied to Jack W on 12/04/2018
Nothing deducted

I forwarded my bank details but nothing has been deducted. So what has happened and whats happened to my bank details?

Alan B (OnMarket member) on 12/04/2018

Hi Alan, I'm sorry to hear you're having some issues. Unfortunately there's not much I can do from my end here at DC Power Co, so I'd recommend getting in touch with OnMarket at enquiries@onmarket.com.au. Thanks!

Ash D (DC Power Co. representative) replied to Alan B on 14/04/2018
Nothing Deducted

Hi have forwarded all my information and the money hasn't been deducted. I did this back on 22 March. It is now 12 April. On the tab with the information it says "funds waiting to clear". It has been way over 5 days and you have my bank account details. Why is this holdup?

Marianne T (OnMarket member) on 12/04/2018

Hi Marianne, I'm not sure why that's the case, sorry! It might be worth getting in touch with OnMarket at enquiries@onmarket.com.au if the funds haven't cleared yet. Thanks for getting on board!

Ash D (DC Power Co. representative) replied to Marianne T on 14/04/2018
Tasmania

What is your plan for Tasmania?

Peter W (OnMarket member) on 12/04/2018

Hi Peter, For Tasmania we would take our time to design a competitive offer that could compete with the incumbent provider.

Ash D (DC Power Co. representative) replied to Peter W on 13/04/2018
Shares

I already have sum shares, but I wish to obtain sum more, can I add to existing or do I have to invest again.

Graeme S (OnMarket member) on 13/04/2018

Hi Graeme, You can invest more by bidding again the same way you did the first time.

Ash D (DC Power Co. representative) replied to Graeme S on 14/04/2018
Tree pruning under power lines

I have solar electricity feed in. Origin is my electricity supplier and they regularly check and prune and cut down trees and shrubs under the power lines (I'm on a rural property) and this is done at no cost. As well if something happened to the transformer on the power pole on my place they would replace it as no charge. Who would do all of this if I changed over to DC as my supplier?

George M (OnMarket member) on 15/04/2018
Lines rentals (Supply charge)

Further to my pervious question, my line rentals are currently "Supply charge and Supply charge 1, Off Peak". Would this still be paid to Origin or would it be paid to DC if I became a customer of DC. I really can't imagine Origin continuing to provide line service without my buying electricity from them. Has DC looked at this problem of line rentals? I have no idea if urban dwellers, who are the great majority of electricity customers, have such a fee.

George M (OnMarket member) on 15/04/2018
is it too late?

i've been wanting to invest but can never seem to find the spare ..but hopefully will in next week or so?
can i still invest or not? even if after midnight tonight?
i saw you have been funded and the maximum was 95k invetors? so can ppl keep investing until you've reached the maximum?
i really want to be a part of this ..and wish you luck with the venture. :)

Peter H (OnMarket member) on 15/04/2018

Hi Peter, Thanks for your message, however unfortunately the offer has now closed which means it's no longer possible to invest in this crowdfunding campaign. Now that we're building the company though, we may decide to do another CSF campaign in the future, so stay tuned! You can sign up for DC Power Co updates on our website (down the very bottom of the page) https://www.dcpowerco.com.au/.

Ash D (DC Power Co. representative) replied to Peter H on 18/04/2018
Unable to authorise transaction prior to midnight

Hello,
Similar to Peter H's question, I was hoping to invest a decent sum of money. I have gotten as far as dedicating my investment amount, however at the moment I am overseas without cell phone reception and therefore my account will not allow me to process this amount through to DC Power Co until after midnight tonight. Should I continue with this transaction after midnight, what would happen to my money? Will it become null and void? Bounce back to my account?
Any help you may be able to provide will be greatly appreciated.

Gianni Z (OnMarket member) on 15/04/2018

Hi Gianni,

I can see you have your investment application placed, it just needs to be paid by this Friday 20th April to receive your allocation. Best, Simon

Simon C (OnMarket staff) replied to Gianni Z on 16/04/2018
Joining the DC Power Co

Hi Guys, I am sorry I have missed the offer, I have been away and only got back last night. Is there any chance I can still join if somebody takes the cooling off period and declines the offer.
This would be most appreciated.
Cheers
Chris Dowden

Chris D (OnMarket member) on 16/04/2018

Hi Chris, Unfortunately that's not possible. However we're now building the company and we may decide to do another CSF campaign in the future. You can sign up for DC Power Co updates to stay in the loop if you like. Just head to our website, down the very bottom of the page to sign up: https://www.dcpowerco.com.au/.

Ash D (DC Power Co. representative) replied to Chris D on 18/04/2018
Joining the DC Power Co

HI
I also missed the cut off as we have been away and wanting to know if we can still join.
Thanks

Brian W (OnMarket member) on 18/04/2018

Hi Brian, Unfortunately, as the offer has now closed, it's no longer possible to invest in this crowdfunding campaign. Watch this space though, we're now building the company and we may decide to do another CSF campaign in the future.
If you like, you can sign up for DC Power Co updates on our website (down the very bottom of the page) https://www.dcpowerco.com.au/.

Ash D (DC Power Co. representative) replied to Brian W on 18/04/2018
Making a payment

I applied to invest in DC Power but was unable to pay online due to technical difficulties. I have received an email stating that it is time to pay. However I can not find a pay option online. Please show me how. Cheers, David OBrien

David O (OnMarket member) on 18/04/2018

Hi David, You simply sign in, go to your dashboard, then to the HISTORY tab and click on one of the 3 payment options to complete your application. Any queries please contact us at enquiries@onmarket.com.au

Simon C (OnMarket staff) replied to David O on 20/04/2018
Investing

Hello, will there be any opportunity to invest later for the people who missed out this time?

peter S (OnMarket member) on 19/04/2018
PAYMENT

HI, CANT FIND HOW TO PAY ? THANKS BARRY

BARRY L (OnMarket member) on 19/04/2018

Hi Barry, You simply sign in, go to your dashboard, then to the HISTORY tab and click on one of the 3 payment options to complete your application. Any queries please contact us at enquiries@onmarket.com.au

Simon C (OnMarket staff) replied to BARRY L on 20/04/2018
Payment

Where are the payment details????

Belinda C (OnMarket member) on 20/04/2018

Hi Belinda, You simply sign in, go to your dashboard, then to the HISTORY tab and click on one of the 3 payment options to complete your application. Any queries please contact us at enquiries@onmarket.com.au

Simon C (OnMarket staff) replied to Belinda C on 20/04/2018
South Australia

Will you be operating in South Australia?

Ben H (OnMarket member) on 24/04/2018
am i too late to pay money for my shares

I was away for 3 weeks and no computor so when i got back shares were closed. i only wanted to ivest $50 and i could not pay with credit card. graham-rae@bigpond.com regards GRAHAM.

Graham R (OnMarket member) on 25/04/2018
share notification

When will I receive notice, that I actually own 100 shares, paid my money months ago.

timothy and catherine c (OnMarket member) on 03/07/2018

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