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Paul 11-08-2022 20:17

Re: The energy crisis
 
There seems to be two choices, spend billions giving us handouts, or spend billions on buying the suppliers, and then more billions reducing the price we pay.
This assumes the actual gas/electricity will still cost the same for the suppliers to buy, regardless of who owns them. The second option sounds more expensive.

GrimUpNorth 11-08-2022 20:56

Re: The energy crisis
 
Quote:

Originally Posted by nomadking (Post 36130985)
The first step to potentially solving a problem, is to actually properly understand it. That involves not allowing people to be fed fake news.

To understand it, you would have to accept that nationalising anything that moves, will not solve anything. Private companies tend to go to greater lengths to buy things at as low a price as possible. A nationalised business isn't going to magically lower costs.

Lots of words but not saying very much. So the question, unsurprisingly still remains. How would YOU help people who are struggling at the moment and those who are going to struggle when the cap goes up again in October and January as it seems more than likely to do?

TheDaddy 11-08-2022 21:36

Re: The energy crisis
 
Quote:

Originally Posted by GrimUpNorth (Post 36131008)
Lots of words but not saying very much. So the question, unsurprisingly still remains. How would YOU help people who are struggling at the moment and those who are going to struggle when the cap goes up again in October and January as it seems more than likely to do?

Why is it down to him to offer a solution, I know the government has abrogated all responsibility for at least a month but why is it up to him to provide answers

GrimUpNorth 11-08-2022 22:08

Re: The energy crisis
 
Quote:

Originally Posted by TheDaddy (Post 36131013)
Why is it down to him to offer a solution, I know the government has abrogated all responsibility for at least a month but why is it up to him to provide answers

Very quick to pick fault and dismiss suggestions and opinions of others but not offering anything of any substance himself. The truth is I don't think he's got any suggestions that would stand up to scrutiny.

As I've said before we shouldn't have squandered our national resources but maybe it's not too late to set up a sovereign wealth fund. Selling every asset the country has is a very short sighted approach and if nothing else we should learn that making a profit out of a public service shouldn't be the be all and end all. Make a profit yes, but let the country as a whole benefit from the profit. Other countries have state owner oil and gas sectors and not all of them have turned out like Venezuela.

Hugh 11-08-2022 22:34

Re: The energy crisis
 
https://www.thetimes.co.uk/article/2...fa906ca19dc7c0

Quote:

Rishi Sunak has set out plans that he hopes would cover the total cost of rising energy bills for up to 16 million vulnerable people, as he challenged Liz Truss to follow suit.

In an article for The Times the former chancellor said he was prepared to find up to £10 billion to soften the impact of this October’s price rise on top of the support announced by the government in May.

Every household would benefit from a £200 reduction in their bills by abolishing VAT on energy, in a challenge to Truss, who has said only that she would consider the measures.
https://www.thetimes.co.uk/article/r...able-jfx2n2gsj

Quote:

Today I can be very clear about the principles underpinning my approach, I can reasonably estimate what is likely to be required and I can explain how we pay for that. Firstly, there are three parts to my plan: support for the most vulnerable, support for pensioners and some support for everyone.

The first two groups will need the most help because these are people who simply cannot increase their incomes to meet their energy costs and are the most vulnerable in society. For them, we have an existing channel by which we can get money to them quickly: the welfare system.

Having explored all options, I know this is the quickest, most effective, targeted way of getting support to these groups of people.

It is tried and tested — the first payments have already gone out — and we can provide more support using those same channels, including the winter fuel payments and cold-weather payments.

It’s also important that we provide everyone with some help because of how drastic the price hikes will be. So my VAT reduction on energy bills will provide every household with around £200.

Secondly, on the scale of the challenge, it currently looks like the gap between price expectations when I announced the previous package of support and now is in the region of £400 to £500. When we know precisely what the increase is, I will come forward and confirm the exact level of support. At the moment, the gap — beyond the VAT reduction on fuel I’ve already announced — looks to be in the low to middle billions. But I’m realistic. It could be more.

Paul 11-08-2022 23:38

Re: The energy crisis
 
Quote:

Originally Posted by GrimUpNorth (Post 36131015)
The truth is I don't think he's got any suggestions that would stand up to scrutiny.

Doesnt matter if he does or does not, it doesnt make his points wrong.

There is no "magic" answer.

jfman 12-08-2022 00:10

Re: The energy crisis
 
Quote:

Originally Posted by Paul (Post 36131004)
There seems to be two choices, spend billions giving us handouts, or spend billions on buying the suppliers, and then more billions reducing the price we pay.
This assumes the actual gas/electricity will still cost the same for the suppliers to buy, regardless of who owns them. The second option sounds more expensive.

Buy the suppliers and develop the means of production in the national interest. Prices stay high if you buy intermediate actors and simply play the market game at an international level.

We need to do the things the private sector won’t do - actually satisfy demand removing the price premiums. Wind farms, nuclear reactors, you name it.

The problem for the Tories is if the public see this as the way forward for energy what next? Water? Exorbitant costs to have hundreds of thousands of tons of human waste released into rivers and the sea? Telecommunications? Railways?

None of these sectors are genuinely competitive marketplaces as understood in economic theory. Nobody can enter these markets easily without significant investment. Meaning incumbents can continue to price gouge end users.

ianch99 12-08-2022 00:41

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36131027)
Buy the suppliers and develop the means of production in the national interest. Prices stay high if you buy intermediate actors and simply play the market game at an international level.

We need to do the things the private sector won’t do - actually satisfy demand removing the price premiums. Wind farms, nuclear reactors, you name it.

The problem for the Tories is if the public see this as the way forward for energy what next? Water? Exorbitant costs to have hundreds of thousands of human waste released into rivers and the sea? Telecommunications? Railways?

None of these sectors are genuinely competitive marketplaces as understood in economic theory. Nobody can enter these markets easily without significant investment. Meaning incumbents can continue to price gouge end users.

This and only this. The national infrastructure is not a fit for free market dogma how ever much the zealots will claim. Square peg in round hole. I am surprised that it has taken so long to get this on the national agenda. Trying to to argue how the energy free market sector can work is like arguing how many angels can fir on the head of a pin. There is no point.

Nationalise the sector. Employ the best management, paid at fair free market rates and invest for the long term. It is not rocket science.

GrimUpNorth 12-08-2022 11:05

Re: The energy crisis
 
Quote:

Originally Posted by ianch99 (Post 36131029)
This and only this. The national infrastructure is not a fit for free market dogma how ever much the zealots will claim. Square peg in round hole. I am surprised that it has taken so long to get this on the national agenda. Trying to to argue how the energy free market sector can work is like arguing how many angels can fir on the head of a pin. There is no point.

Nationalise the sector. Employ the best management, paid at fair free market rates and invest for the long term. It is not rocket science.

Couldn't agree more, except I'd include the water industry too as they don't seem to have learnt the lesson from a few years ago when we had a shortage due to excessive leaks.

TheDaddy 12-08-2022 11:26

Re: The energy crisis
 
Quote:

Originally Posted by GrimUpNorth (Post 36131040)
Couldn't agree more, except I'd include the water industry too as they don't seem to have learnt the lesson from a few years ago when we had a shortage due to excessive leaks.

You know they only have to cut leaks by 16% for ofwat to be happy, water is the worst example of privatisation imo, 2 billion a year in dividends, companies loaded with debt and bugger all done to replace the infrastructure hence 2.4 billion litres of water lost a day

nomadking 12-08-2022 11:38

Re: The energy crisis
 
Not quite sure how any of all that lowers the price of gas and other energy that comes from outside of the UK.
The biggest problem with infrastructure products is the ridiculous amount of time the planning permission process takes. Eg Thames Water have been trying to get permission for creating a new reservoir for over 10 years.
The UK has become too much of an undesirable place to do business(nothing to do with Brexit). Just look at all the nasty attention, individuals and businesses get from the media and the public. If I had a great business or technological idea, I wouldn't want to set up in the UK. Too much anti-success sentiment. It's been like that for decades.
It you're not trashed by the media and the public, you get trashed by taxes and over regulation, which adds to business costs.

jfman 12-08-2022 11:48

Re: The energy crisis
 
Quote:

Originally Posted by nomadking (Post 36131043)
Not quite sure how any of all that lowers the price of gas and other energy that comes from outside of the UK.

Another meaningless, arbitrary distinction created for no other reason than a diversionary tactic. Nobody claims nationalised industries would solely operate on the international markets - indeed it’d entirely defeat the point.

Anti success sentiment :rofl: these aren’t entrepreneurs coming up with exciting new ideas. They’ve bought the family silver and charging you just to have a look at it through the window.

1andrew1 12-08-2022 11:56

Re: The energy crisis
 
Quote:

Originally Posted by nomadking (Post 36131043)
Not quite sure how any of all that lowers the price of gas and other energy that comes from outside of the UK.
The biggest problem with infrastructure products is the ridiculous amount of time the planning permission process takes. Eg Thames Water have been trying to get permission for creating a new reservoir for over 10 years.
The UK has become too much of an undesirable place to do business(nothing to do with Brexit). Just look at all the nasty attention, individuals and businesses get from the media and the public. If I had a great business or technological idea, I wouldn't want to set up in the UK. Too much anti-success sentiment. It's been like that for decades.
It you're not trashed by the media and the public, you get trashed by taxes and over regulation, which adds to business costs.

Agree with you on planning permission but the Conservative Party who have governed the country for the last 12 years are sympathetic to NIMBYS and make it hard for onshore wind turbines - the cheapest form of electricity. In their defence, it's a small country.

Private energy companies tend not to invest in long-term infrastructure and energy is a long-term business.

If you're overly-concerned about what people think of you, you're unlikely to be a successful entrepreneur. I don't think the UK is anti-success. The grass next door is not always greener.

---------- Post added at 10:56 ---------- Previous post was at 10:53 ----------

Quote:

Originally Posted by TheDaddy (Post 36131042)
You know they only have to cut leaks by 16% for ofwat to be happy, water is the worst example of privatisation imo, 2 billion a year in dividends, companies loaded with debt and bugger all done to replace the infrastructure hence 2.4 billion litres of water lost a day

I would say it's worse than power. Power is more complicated with hedging and forward purchasing of energy, a complicated supply chain, plus switching suppliers, smart meters, an array of charging structures etc.

Water is a lot less complex and is a monopoly at regional level. To not get the basics right here is appalling. In my area, for example, there's a Thames Water leak that's been ongoing for at least three weeks impacting households' water supplies as well as blocking the road and being wasteful.

denphone 12-08-2022 12:53

Re: The energy crisis
 
Quote:

Originally Posted by GrimUpNorth (Post 36131040)
Couldn't agree more, except I'd include the water industry too as they don't seem to have learnt the lesson from a few years ago when we had a shortage due to excessive leaks.

The UK has not built a new reservoir for over 30 years and in that time the population has risen by around 10 million people.

Add all the excessive ongoing leaks and is it any wonder we have a escalating water shortage.

Hugh 12-08-2022 13:30

Re: The energy crisis
 
Quote:

Originally Posted by denphone (Post 36131050)
The UK has not built a new reservoir for over 30 years and in that time the population has risen by around 10 million people.

Add all the excessive ongoing leaks and is it any wonder we have a escalating water shortage.

https://www.express.co.uk/news/uk/16...ht-latest-news

Quote:

Water firms ‘sold off reservoirs that could have eased drought’ 'Profit ahead of supply'

nomadking 12-08-2022 14:09

Re: The energy crisis
 
Quote:

Originally Posted by Hugh (Post 36131056)

Because Ofwat pressured them to do so.:rolleyes:
Quote:

Chris Binnie, a water engineer who has advised the Government, said the sold-off reservoirs were often smaller ones connected to local water treatment plants that had been closed partly to save money. “It’s not that economical to keep the small ones going,” he said.
...
Water industry sources said companies faced pressure from Ofwat to close old facilities to save money, as well as scrutiny from the regulator over the financial benefit of opening new ones.
Water companies say they face widespread opposition in building new reservoir facilities, despite a recognition they will be increasingly needed under drier conditions as a result of climate change.
Thames Water has spent more than a decade attempting to construct a £1 billion reservoir to serve more than eight million people in Abingdon, Oxfordshire. The plans were first rejected by the government in 2011 and have been the subject of local opposition.
There are plans for a handful of new reservoirs across the country, but only one - the £100 million Havant Thicket project, near Portsmouth - actually has planning permission.

Hugh 12-08-2022 14:45

Re: The energy crisis
 
Not sure what the roll-eyes are about.

In most businesses, if you retire old systems/facilities/equipment, you tend to replace them with new to ensure resilience, continuity, capacity, and delivery - you don’t just get rid of the old stuff…

Paul 12-08-2022 15:11

Re: The energy crisis
 
Quote:

Originally Posted by Hugh (Post 36131062)
Not sure what the roll-eyes are about.

In most businesses, if you retire old systems/facilities/equipment, you tend to replace them with new to ensure resilience, continuity, capacity, and delivery - you don’t just get rid of the old stuff…

Except they are not being allowed to build new ones.

Mr K 12-08-2022 15:27

Re: The energy crisis
 
At least higher energy and food prices his will make people a bit more careful about their energy and food consumption. . If we don't stop being so consumerist and generating so much waste, then prices will be the very the least of our worries.

Taf 14-08-2022 21:45

Re: The energy crisis
 
Quote:

Saudi oil giant Aramco has broken its own record with a $48.4bn (£39.8bn) profit for the second quarter of 2022.

It is a 90% year-on-year increase and marks the biggest earnings for the world's largest energy exporter since its public listing three years ago.
Mail Online

ianch99 15-08-2022 10:57

Re: The energy crisis
 
Quote:

Originally Posted by Paul (Post 36131064)
Except they are not being allowed to build new ones.

But they have closed ones that could be used to ease the problem

https://www.telegraph.co.uk/environm...eased-drought/

Quote:

Water companies have sold off reservoirs that could have helped ease drought to housing developers, the former head of Natural England has said.

Dozens of reservoirs across the country have been given up by water companies, while no new ones have been built in the last 30 years.

Writing for The Telegraph, see below, Andrew Sells - who was head of Natural England between 2014 and 2019 - said the sell-off, with no replacements, was evidence of water companies putting profits before water resilience.

Thames Water, Severn Trent and Southern Water are among those to have sold off some of their reservoirs in recent years.

Thames Water, which announced on Tuesday that it would soon bring in a hosepipe ban for its 15 million customers, has sold off 25 reservoirs since the 1980s, according to the GMB Union.

Chris 15-08-2022 11:13

Re: The energy crisis
 
Quote:

Originally Posted by ianch99 (Post 36131292)
But they have closed ones that could be used to ease the problem

https://www.telegraph.co.uk/environm...eased-drought/

While I have no desire to defend the water companies (who more than any other private utility have what amounts to a licence to print money), a bald ‘number of reservoirs sold’ doesn’t tell us much.

As the article is behind a paywall I can’t see whether it reveals useful metrics like total cubic capacity lost in the sale, or reasons given for the sales such as reservoir no longer in a strategically useful location, life-expired components being prohibitively expensive to replace, etc.

nomadking 15-08-2022 11:21

Re: The energy crisis
 
Quote:

Originally Posted by ianch99 (Post 36131292)
But they have closed ones that could be used to ease the problem

https://www.telegraph.co.uk/environm...eased-drought/

They closed small ones, and were pressured by the regulator to do so, in order to keep prices lower.

---------- Post added at 10:21 ---------- Previous post was at 10:20 ----------

Quote:

Originally Posted by Taf (Post 36131278)
Mail Online

Starmer will be claiming we can tax those profits.

1andrew1 15-08-2022 13:13

Re: The energy crisis
 
Quote:

Originally Posted by nomadking (Post 36131299)
Investment requires MONEY to pay for it. So which country has done a better job, and is not having higher prices?
If you're not producing it, you have to import the remainder. No way around that, other than things like fracking. Using UK produced gas doesn't make it cheaper, as it's sold on the international market.
Link

Currently Gas is being used for 49% of electricity. How do you replace that?
Nuclear is 13%, Wind is 3%, Solar 9%. Not a lot of room to expand on non-Gas sources. A five-fold increase in nuclear might just work.
We're importing around 13% of our requirements.

France has capped prices by renationalising the part of EDF it did not own. We've also nationalised Bulb and subsidised prices. Investment requires money to pay for it but you get some kind of return. We're not getting that currently through our interventions.

As I've previously argued, we should have replaced coal fired capacity with alternatives when they were decommissioned but failing that we need more power generation now.

Fracked gas is sold at global prices so that doesn't reduce prices and it still contributes to the climate change crisis.

All sources have their disadvantages. Nuclear power is struggling at the moment, (just look at France both in inability to deliver new projects and issues in operating during hot summers), better storage is needed for renewables and we know the story on gas. But doing nothing and waiting for the markets to solve it is not an option.

In terms of electricity generation, I think you need to look at sources on a quarterly basis not a daily one to get a more representative figure
Ofgen states for Q1 2022:
Gas 27.45%
Wind and solar 26.49%
Nuclear 11.34%
Bio 8.46%
Net imports 4.94%
https://www.ofgem.gov.uk/energy-data...created&page=4

nomadking 15-08-2022 14:07

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36131300)
France has capped prices by renationalising the part of EDF it did not own. We've also nationalised Bulb and subsidised prices. Investment requires money to pay for it but you get some kind of return. We're not getting that currently through our interventions.

As I've previously argued, we should have replaced coal fired capacity with alternatives when they were decommissioned but failing that we need more power generation now.

Fracked gas is sold at global prices so that doesn't reduce prices and it still contributes to the climate change crisis.

All sources have their disadvantages. Nuclear power is struggling at the moment, (just look at France both in inability to deliver new projects and issues in operating during hot summers), better storage is needed for renewables and we know the story on gas. But doing nothing and waiting for the markets to solve it is not an option.

In terms of electricity generation, I think you need to look at sources on a quarterly basis not a daily one to get a more representative figure
Ofgen states for Q1 2022:
Gas 27.45%
Wind and solar 26.49%
Nuclear 11.34%
Bio 8.46%
Net imports 4.94%
https://www.ofgem.gov.uk/energy-data...created&page=4

Doesn't matter what any longer period figures say, it still represents the generating capacity you need at this point in time. At this point in time, you need 49% gas generated. In winter you are going to have less solar. The claim was that we should've invested in other than gas. Today's figures show it couldn't be done, as Germany itself found out.
Where would today's missing 22%(compared to Q1 figures) have come from instead?
Fracking gas in the UK, would increased supply, thereby reducing market prices.

1andrew1 15-08-2022 14:25

Re: The energy crisis
 
Quote:

Originally Posted by nomadking (Post 36131309)
Doesn't matter what any longer period figures say, it still represents the generating capacity you need at this point in time. At this point in time, you need 49% gas generated. In winter you are going to have less solar. The claim was that we should've invested in other than gas. Today's figures show it couldn't be done, as Germany itself found out.
Where would today's missing 22%(compared to Q1 figures) have come from instead?
Fracking gas in the UK, would increased supply, thereby reducing market prices.

Fracking gas in the UK would provide a miniscule amount of gas such that global prices would not be impacted.

Q1 is in the winter so another quarter would have more solar. You can't look on a daily basis for energy generation.

Today's figures don't show that a shift to more renewables, storage and nuclear cannot be done.

We need to get on with it for the sake of future generations let alone ourselves.

Paul 15-08-2022 19:06

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36131312)
You can't look on a daily basis for energy generation.

Of course you can, thats exactly what the national grid has to do, every day.
No one can run their devices on electricity promised in the future, you need it now.
A shortfall now means something has to give, or it has to be 'imported' from elsewhere.

---------- Post added at 18:06 ---------- Previous post was at 17:58 ----------

Quote:

Originally Posted by 1andrew1 (Post 36131312)
Fracking gas in the UK would provide a miniscule amount of gas such that global prices would not be impacted.

Well estimates do vary somewhat, but none are 'miniscule'.
https://www.lse.ac.uk/granthaminstit...ere-in-the-uk/

Most of the recent esimates are around 4 trillion cubic meters.
The UK [domestic] requirement is 70 - 80 billion cubic meters.
So it could keep the whole UK supplied for around 40 - 50 years.

Another report (further down) calculated that UK production of shale gas could meet between 17 and 22 per cent of UK cumulative consumption between 2020 and 2050 (That I presume includes non domestic use). Again, not really "miniscule".

nomadking 15-08-2022 19:20

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36131312)
Fracking gas in the UK would provide a miniscule amount of gas such that global prices would not be impacted.

Q1 is in the winter so another quarter would have more solar. You can't look on a daily basis for energy generation.

Today's figures don't show that a shift to more renewables, storage and nuclear cannot be done.

We need to get on with it for the sake of future generations let alone ourselves.

Providing 17-22% of UK gas needs, isn't so miniscule.
Still wondering where the shortage is, and who is doing without.

9% solar today may look good, but come winter with shorter days and cloudy skies, it's not going to reach 9%. That is another gap to fill. If you don't have gas for electricity. you are could be looking at a 60% shortfall in winter. So what viable alternatives are there for not having gas generated electricity?

ianch99 15-08-2022 19:23

Re: The energy crisis
 
Quote:

Originally Posted by Chris (Post 36131293)
While I have no desire to defend the water companies (who more than any other private utility have what amounts to a licence to print money), a bald ‘number of reservoirs sold’ doesn’t tell us much.

As the article is behind a paywall I can’t see whether it reveals useful metrics like total cubic capacity lost in the sale, or reasons given for the sales such as reservoir no longer in a strategically useful location, life-expired components being prohibitively expensive to replace, etc.

Strange. It is not paywalled for me. Here's the same story from the Express. Note, both outlets are staunch Tory supporters

https://www.express.co.uk/news/uk/16...ht-latest-news

You also have the Google cache to peruse: https://webcache.googleusercontent.c...&ct=clnk&gl=uk

1andrew1 15-08-2022 23:13

Re: The energy crisis
 
Quote:

Originally Posted by Paul (Post 36131350)
Of course you can, thats exactly what the national grid has to do, every day.
No one can run their devices on electricity promised in the future, you need it now.
A shortfall now means something has to give, or it has to be 'imported' from elsewhere.

What's a more accurate representation of where the UK's electricity generation comes from? One day in the middle of a heat wave or an average of three months? That was my point to Nomadking.

Quote:

Originally Posted by Paul (Post 36131350)
Well estimates do vary somewhat, but none are 'miniscule'.
https://www.lse.ac.uk/granthaminstit...ere-in-the-uk/

Most of the recent esimates are around 4 trillion cubic meters.
The UK [domestic] requirement is 70 - 80 billion cubic meters.
So it could keep the whole UK supplied for around 40 - 50 years.

Another report (further down) calculated that UK production of shale gas could meet between 17 and 22 per cent of UK cumulative consumption between 2020 and 2050 (That I presume includes non domestic use). Again, not really "miniscule".

Yup, estimates for fracking gas in the UK vary considerably but everything I've read says even the most optimistic outputs won't be enough to impact global prices. Just because it might be sourced from the UK does not mean it will be sold here. I think it can also be safely ruled out as a UK energy source, no mainstream political party in the UK supports it, it's a pipe dream.

---------- Post added at 22:13 ---------- Previous post was at 22:04 ----------

Quote:

Originally Posted by nomadking (Post 36131357)
Providing 17-22% of UK gas needs, isn't so miniscule.
Still wondering where the shortage is, and who is doing without.

9% solar today may look good, but come winter with shorter days and cloudy skies, it's not going to reach 9%. That is another gap to fill. If you don't have gas for electricity. you are could be looking at a 60% shortfall in winter. So what viable alternatives are there for not having gas generated electricity?

It's a case of getting on with what I've said before - renewables, storage and nuclear. And probably more insulation. The energy regulator will determine which are viable but doing nothing is not an option. Nor can global warming be forgotten too.

Paul 16-08-2022 00:39

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36131395)
What's a more accurate representation of where the UK's electricity generation comes from? One day in the middle of a heat wave or an average of three months? That was my point to Nomadking.

One day in the middle of a heatwave is as good as any other day (perhaps even better).
Averages are great for pretty stats, but in reality, you need to know you can handle maximum demand, not average demand.

Quote:

Originally Posted by 1andrew1 (Post 36131395)
I think it can also be safely ruled out as a UK energy source, no mainstream political party in the UK supports it, it's a pipe dream.

No, you cannot "safely" rule it out. The parties may not have supported it when we had plentiful [cheapish] supplies elsewhere, but that situation has changed for the [much] worse - if "needs must", it will start to happen.

1andrew1 16-08-2022 01:29

Re: The energy crisis
 
Quote:

Originally Posted by Paul (Post 36131400)
One day in the middle of a heatwave is as good as any other day (perhaps even better).
Averages are great for pretty stats, but in reality, you need to know you can handle maximum demand, not average demand.

Absolutely, one-day splits are useful for the context you describe. I was discussing the split of electricity generation with Nomad at a strategic level. In this context, one day doesn't give an accurate representation of the different types of power generation as a power station could be offline or a connector down.

Quote:

Originally Posted by Paul (Post 36131400)
No, you cannot "safely" rule it out. The parties may not have supported it when we had plentiful [cheapish] supplies elsewhere, but that situation has changed for the [much] worse - if "needs must", it will start to happen.

I'm ruling fracking out as:
- It's likely not going to be any cheaper than existing gas
- there are significant concerns about the risk of subsidence so unpopular with the public
- planning consent is problematical.
- it doesn't tick the renewables box

I'm aware that Truss now supports it but she can't change the economics. She's added the rider that local people must support it. Which they've not done to date due to subsidence risks.
Quote:

The Tories’ 2019 election manifesto placed a moratorium on fracking following serious warnings it could cause earthquakes.

Mark Menzies, Tory MP for Fylde, where Cuadrilla was forced to halt its shale gas exploration due to seismic activity, said it was unlikely that any community would be willing to allow fracking due to the damage it is capable of doing to properties.

His comments were echoed by Jack Richardson, Climate Spokesman for the Conservative Environment Network, who said: “Several years of attempting to frack in Lancashire shows that communities do not support fracking near them. Lifting the moratorium would be insufficient to scale up a shale industry large enough to shift the dial regarding the cost of gas or energy security. Earthquake limits would have to be relaxed too, at a significant political cost.”
https://inews.co.uk/news/politics/to...acking-1765010

1andrew1 16-08-2022 15:38

Re: The energy crisis
 
It's not just us householders who are suffering. This caller tells Eddie Mair of a decision to close a UK sea food business losing 900 jobs in the UK and move it to the Netherlands as it cannot operate with 260% energy price rises nor can it pass them on. It's already absorbed a 40% rise and Brexit red tape costs but to survive it must move.

The Netherlands has a 5% energy price cap which the business can absorb. This is another reason why we need action now, not in September.
https://twitter.com/g_gosden/status/1559242405219647490

OLD BOY 19-08-2022 20:07

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36131441)
It's not just us householders who are suffering. This caller tells Eddie Mair of a decision to close a UK sea food business losing 900 jobs in the UK and move it to the Netherlands as it cannot operate with 260% energy price rises nor can it pass them on. It's already absorbed a 40% rise and Brexit red tape costs but to survive it must move.

The Netherlands has a 5% energy price cap which the business can absorb. This is another reason why we need action now, not in September.
https://twitter.com/g_gosden/status/1559242405219647490

Stop being alarmist, Andrew. You do realise that the new PM will be in office in less than three weeks, don’t you?

Whatever people say, we are not getting any decisions before that. The options available to the PM are still being drawn up. Liz is not going to be one to splash the cash like Moneytrees Starmer. Any help to individuals and businesses will be properly targeted so that we are not benefiting those that don’t need it.

jfman 19-08-2022 20:21

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36131785)
Stop being alarmist, Andrew. You do realise that the new PM will be in office in less than three weeks, don’t you?

Whatever people say, we are not getting any decisions before that. The options available to the PM are still being drawn up. Liz is not going to be one to splash the cash like Moneytrees Starmer. Any help to individuals and businesses will be properly targeted so that we are not benefiting those that don’t need it.

:rofl:

It must be nice with your feet up Old Boy but out there in the real world your delusions won’t pay the bills for individuals and businesses that need support now.

nomadking 19-08-2022 20:28

Re: The energy crisis
 
The figures may be from last year, but the UK gas prices come out favourably, compared to EU countries. Only 7 countries cheaper.
Link

Sweden, Netherlands, and Portugal are all more than twice the UK cost. France is 69% more, Germany 60% more.

jfman 19-08-2022 20:34

Re: The energy crisis
 
Quote:

Originally Posted by nomadking (Post 36131787)
The figures may be from last year, but the UK gas prices come out favourably, compared to EU countries. Only 7 countries cheaper.
Link

Sweden, Netherlands, and Portugal are all more than twice the UK cost. France is 69% more, Germany 60% more.

Next time I'm out in the DeLorean I'll take some comfort in that.

nomadking 19-08-2022 20:40

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36131788)
Next time I'm out in the DeLorean I'll take some comfort in that.

So what are the current non-taxpayer subsidised prices?
20 EU countries paying more than the UK. Hardly a sign the UK is being ripped off.

1andrew1 19-08-2022 20:44

Re: The energy crisis
 
Quote:

Originally Posted by nomadking (Post 36131787)
The figures may be from last year, but the UK gas prices come out favourably, compared to EU countries. Only 7 countries cheaper.
Link

Sweden, Netherlands, and Portugal are all more than twice the UK cost. France is 69% more, Germany 60% more.

A year is a long time in energy prices and the new UK price cap will be announced next Friday.

jfman 19-08-2022 20:52

Re: The energy crisis
 
Quote:

Originally Posted by nomadking (Post 36131789)
So what are the current non-taxpayer subsidised prices?

Unsure of the relevance to the end user who can't afford it or collapsing business is to be fair.

The fact that there's large scale taxpayer subsidy universally supports the fact the market has failed. I'm surprised you see that as a "gotcha" moment against others who argue for greater state involvement in markets that are blatantly not competitive.

OLD BOY 20-08-2022 10:55

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36131786)
:rofl:

It must be nice with your feet up Old Boy but out there in the real world your delusions won’t pay the bills for individuals and businesses that need support now.

They are already getting support now. The increased price cap is for October.

---------- Post added at 09:55 ---------- Previous post was at 09:52 ----------

Quote:

Originally Posted by jfman (Post 36131791)
Unsure of the relevance to the end user who can't afford it or collapsing business is to be fair.

The fact that there's large scale taxpayer subsidy universally supports the fact the market has failed. I'm surprised you see that as a "gotcha" moment against others who argue for greater state involvement in markets that are blatantly not competitive.

Russia has failed the world. They were trusted to ensure continuity of supply and we did business with them.

The markets have reacted appropriately by increasing prices to reflect increased demand. How people who can't afford it are helped is a matter for governments.

Hugh 20-08-2022 10:57

Re: The energy crisis
 
Interesting read from CNN about how we got here, and how that compares to Europe.

https://edition.cnn.com/2022/08/19/e...ner/index.html

jfman 20-08-2022 11:01

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36131819)
They are already getting support now. The increased price cap is for October.[COLOR="Silver"]

Russia has failed the world. They were trusted to ensure continuity of supply and we did business with them.

The markets have reacted appropriately by increasing prices to reflect increased demand. How people who can't afford it are helped is a matter for governments.

Always someone else to blame, eh, OB. Who’d have thought putting our energy security in the hands of a KGB agent who rigs the constitution so he can become a de-facto dictator would have gone so badly? :rofl:

The problem lies right here. In fact, go and look in the mirror and it’s staring you back in the face. People like you who fell for conservative ideology that the state should have no role and the markets will satisfy our every needs. It was hardly unpredictable that capitalist actors would seek to rinse us for all we’ve got.

1andrew1 20-08-2022 11:29

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36131819)
They are already getting support now. The increased price cap is for October.

What about small businesses?

Quote:

The energy crisis is tearing through Britain’s high streets, with warnings on Friday of a “lost generation” of small businesses, as the impact of soaring gas and electricity prices begins to hit cafes, restaurants, shops and salons.

Across the UK, growing numbers of traders are closing their doors for good in the face of unaffordable costs driven by record inflation, with some reporting tenfold increases in utility bills.
https://www.theguardian.com/money/20...g-energy-bills

Quote:

Originally Posted by OLD BOY (Post 36131819)
Russia has failed the world. They were trusted to ensure continuity of supply and we did business with them.

The markets have reacted appropriately by increasing prices to reflect increased demand. How people who can't afford it are helped is a matter for governments.

Even the most pro-Russian of politicians would find it hard to acknowledge Russia was anything but untrustworthy after its invasion of Ukraine back in 2014. But I didn't see the UK seeking to mitigate this risk by building more nuclear power stations or increasing our gas storage in reaction to this. In fact, we continued to decommission nuclear power stations and reduce our gas storage.

Placing your country's energy needs in the hands of global energy markets puts you in the hands of geopolitical troubles. It's an approach which has failed the country and the flawed UK energy market needs reforming.

Damien 20-08-2022 22:09

Re: The energy crisis
 
The government doesn't seem to want to match the universal help with energy bills and instead make you go to the Doctor to get money off:
https://www.thesun.co.uk/money/19569...-energy-bills/

They've lost the plot entirely.

Hugh 20-08-2022 22:25

Re: The energy crisis
 
Quote:

Originally Posted by Damien (Post 36131879)
The government doesn't seem to want to match the universal help with energy bills and instead make you go to the Doctor to get money off:
https://www.thesun.co.uk/money/19569...-energy-bills/

They've lost the plot entirely.

That’s a really good idea - luckily, it’s very easy to get an appointment at a GPs now, and no one has forecast that the NHS will be under additional pressure his winter…

Jaymoss 20-08-2022 22:34

Re: The energy crisis
 
That will never go though

Paul 20-08-2022 22:49

Re: The energy crisis
 
Quote:

Originally Posted by Damien (Post 36131879)
The government doesn't seem to want to match the universal help with energy bills and instead make you go to the Doctor to get money off:

I thought you were better than to fall for nonsense like that.

Its just one of many "ideas" from boffins, not the government.
They always come up with some barmy ideas as well as reasonable ones.

Typical of the Sun to pick up on it and try and promote is as a serious option.
It clearly nuts and no government would seriously propose using such an option.

Chris 21-08-2022 00:38

Re: The energy crisis
 
Quote:

Originally Posted by Damien (Post 36131879)
The government doesn't seem to want to match the universal help with energy bills and instead make you go to the Doctor to get money off:
https://www.thesun.co.uk/money/19569...-energy-bills/

They've lost the plot entirely.

This sounds like policy wonks doing what they’re paid to do and coming up with options for ministers to choose from. The fact it’s on the menu doesn’t mean it’s likely to be taken forward. The fact we’re reading about it is of more concern than the fact it’s been suggested. Civil servants should have freedom to brainstorm without half-formed ideas being leaked by indisciplined junior ministers and picked apart in the Press.

OLD BOY 21-08-2022 11:56

Re: The energy crisis
 
Quote:

Originally Posted by Chris (Post 36131893)
This sounds like policy wonks doing what they’re paid to do and coming up with options for ministers to choose from. The fact it’s on the menu doesn’t mean it’s likely to be taken forward. The fact we’re reading about it is of more concern than the fact it’s been suggested. Civil servants should have freedom to brainstorm without half-formed ideas being leaked by indisciplined junior ministers and picked apart in the Press.

I agree. Surely, the simplest means of targeting direct financial help to the most in need is through Universal Credit.

Jaymoss 21-08-2022 12:00

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36131902)
I agree. Surely, the simplest means of targeting direct financial help to the most in need is through Universal Credit.

That is not the case at all due to the fact not everyone has been moved from legacy benefits yet. Those of us on said benefits missed out on the £20 per week uplift during the pandemic due to it being "too complicated" to include us. It most certainly would not be fair to do that again

jfman 21-08-2022 12:05

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36131902)
I agree. Surely, the simplest means of targeting direct financial help to the most in need is through Universal Credit.

Pensioners? Not to mention those on low incomes with earnings marginally above the threshold. Is it any wonder we have a lazy workforce we don’t make work rewarding? What about those small business owners who can’t pay their bills with entrepreneurial spirit?

GrimUpNorth 21-08-2022 14:47

Re: The energy crisis
 
If only the gov made some effort to close the tax gap, the £35 billion could make quite a difference about now.

1andrew1 21-08-2022 14:48

Re: The energy crisis
 
Quote:

UK industry braced for bleak winter as soaring energy costs threaten closures

October will be the crunch point as fixed pricing deals end, businesses warn

Businesses across the UK are braced for an unprecedented energy costs hit this winter. Many deals are due to be renegotiated next month, ahead of a crunch point in October when thousands of companies — large and small — have to switch to new contracts.

“There’s a huge cost shock coming to business — especially those that are rolling off fixed price contracts,” said Robert Buckley, head of relationship development at Cornwall Insight, an energy consultancy. “It’s frightening.”

Some fear the UK could be hit harder, with its response to the energy crisis stalled by paralysis in decision making until a new prime minister takes power next month.

Nishma Patel, policy director at the Chemicals Industry Association, a trade body, said the EU had released a framework to deal with severe gas shortages over winter that included allowing government intervention for spiralling prices. No such plan exists in the UK.

“In the EU, we’ve started to see their plans on the worst-case scenario. We don’t have that clarity yet,” she said. “The big concern is ‘will we have these things ready by winter?’”

For more than half a century the furnaces at Steve Keeton’s factory in Wigan have been used to melt and draw glass fibre used in wind turbines, electric car parts and construction. Now the prospect of surging power prices and supply disruptions may force it to shut permanently.

The threat of closure at Electric Glass Fibre UK is real despite strong demand for its products. The cost of keeping its furnaces running is set to rise by an unaffordable 300 per cent next April, as a result of soaring energy bills. There is also a risk that power will be rationed this winter if the stand-off with Russia deepens gas supply shortages across Europe.

Disconnection — even for just a few hours — would cause lasting damage and “cost tens of millions of pounds to repair”, said Keeton, managing director at the 57-year-old factory in north-west England which has been owned by Japan’s Nippon Electric Glass since 2016.
https://www.ft.com/content/0df8bde0-...2-2b4c25650cd3

jfman 21-08-2022 15:40

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36131914)

Mogg’s private equity firm will be out there foaming at the mouths at the prospect. After all disaster capitalism and potential for supernormal profits on investments at this scale is usually once or twice in a generation.

Mr K 21-08-2022 21:07

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36131914)

I can see a new 'please work from home and use your leccy' drive....

Workers might insist on working and sleeping in offices over winter, or being paid a supplement to wfh.

1andrew1 21-08-2022 21:40

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36131922)
Mogg’s private equity firm will be out there foaming at the mouths at the prospect. After all disaster capitalism and potential for supernormal profits on investments at this scale is usually once or twice in a generation.

There's been three once-in-a-lifetime opportunities of late - the energy crisis plus the two ids of Brexit and Covid.

jfman 21-08-2022 22:31

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36131949)
There's been three once-in-a-lifetime opportunities of late - the energy crisis plus the two ids of Brexit and Covid.

The downside to the undue influence the financial sector has over the economy. We are ready to bail them out to the tune of tens of billions on every gamble gone wrong yet their massive successes are often when the rest of the economy flails.

1andrew1 21-08-2022 22:46

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36131954)
The downside to the undue influence the financial sector has over the economy. We are ready to bail them out to the tune of tens of billions on every gamble gone wrong yet their massive successes are often when the rest of the economy flails.

With higher fuel costs impacting an already challenged manufacturing sector, the financial services sector is set to play a larger role in the UK economy.

Qtx 22-08-2022 01:29

Re: The energy crisis
 
https://www.youtube.com/watch?v=_RHzqZx_vPI

We need to re-nationalise energy, Water and the Railway system.

Until we do that, we are always going to be subsidising people in foreign companies instead of helping ourselves.

1andrew1 22-08-2022 09:50

Re: The energy crisis
 
Are higher energy really bills the best way to pay for bailing out the energy sector?
Quote:

The cost to UK households of bailing out nationalised energy retailer Bulb is expected to soar to more than £4bn by the spring unless the government achieves a sale, saddling every home with an additional £150 or more on its bills next year.

The new forecast from energy consultancy Auxilione illustrates the spiralling costs of supporting Bulb’s 1.4mn customers as wholesale gas and electricity prices surge. The company’s administrators are hamstrung by government rules that restrict hedging against rising energy prices.

The bailout of Bulb, which collapsed in November last year, is expected to be the most expensive since the rescue of RBS during the financial crisis. Unlike 2008, the government plans to make households absorb the cost through higher energy bills rather than funding the rescue through general taxation as it is doing currently.
https://www.ft.com/content/cbe1c23e-...d-58065802c53e

OLD BOY 22-08-2022 14:21

Re: The energy crisis
 
Quote:

Originally Posted by Qtx (Post 36131966)
https://www.youtube.com/watch?v=_RHzqZx_vPI

We need to re-nationalise energy, Water and the Railway system.

Until we do that, we are always going to be subsidising people in foreign companies instead of helping ourselves.

In what way did any of our nationalised industries perform better than the privatised industries?

jfman 22-08-2022 14:53

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36131994)
In what way did any of our nationalised industries perform better than the privatised industries?

:rofl:

Red herring alert.

OLD BOY 22-08-2022 19:25

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36131998)
:rofl:

Red herring alert.

Not really. If you are clamouring for re-nationalisation, I think we need to know, based on our experience of nationalised industries, why that would be preferable to what we have now.

jfman 22-08-2022 20:01

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36132030)
Not really. If you are clamouring for re-nationalisation, I think we need to know, based on our experience of nationalised industries, why that would be preferable to what we have now.

Given 30 years of technological innovation and "investment" (no laughing at the back) the expectation would be that one would outperform the other. Yet it's not the case. Energy costs are completely disassociated from the cost of production. Private industry cannot increase supply and react to market forces - therefore its not a market in any meaningful sense.

Why would we exclude worldwide experiences? I don't believe in British exceptionalism any more than you do with your attacks on our workers.

Paul 22-08-2022 21:19

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36131998)
:rofl:

Red herring alert.

Its a red herring becasue you disagree ? Not really ....

GrimUpNorth 22-08-2022 21:37

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36132030)
Not really. If you are clamouring for re-nationalisation, I think we need to know, based on our experience of nationalised industries, why that would be preferable to what we have now.

Well I think LNER is doing ok since it became state owned again.

jfman 22-08-2022 21:37

Re: The energy crisis
 
Quote:

Originally Posted by Paul (Post 36132037)
Its a red herring becasue you disagree ? Not really ....

It's a red herring because it's an irrelevant distraction.

With privatisation considered a goal many industries were underfunded in their latter years, plus the previously mentioned decades of innovation between then and now.

Alternative successful models can be seen in countries genuinely interested in making a success of them, without being blinded by the blinkers of 4 decades of failed economic policy.

OLD BOY 23-08-2022 00:03

Re: The energy crisis
 
Quote:

Originally Posted by GrimUpNorth (Post 36132039)
Well I think LNER is doing ok since it became state owned again.

I guess for every rule, there’s an exception… ;)

Qtx 23-08-2022 00:09

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36131994)
In what way did any of our nationalised industries perform better than the privatised industries?

So because it might not have gone well in some industries in the past it can't work now in any sector?

Its working great for other countries and they are subsidising it by making profit abroad.

When so much profit is being made it could easily be run the same without profit and decrease our costs.

jfman 23-08-2022 00:36

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36132054)
I guess for every rule, there’s an exception… ;)

<removed>

Paul 23-08-2022 01:37

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36132040)
..without being blinded by the blinkers of 4 decades of failed economic policy.

Four decades of failed economic policy ?
On what do you base that, or did you just make it up ?

Four decades covers multiple Labour, Conservative and Coalition governments.
There were many years of enonomic boom during that time (and some bad years as well).

Mick 23-08-2022 01:41

Re: The energy crisis
 
jfman just likes to trash the Tories, while conveniently forgetting all the other bad times with other parties. Perhaps he’d like to tell the SNP to get the overflowing bins sorted in Edinburgh right about now?

1andrew1 23-08-2022 09:04

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36132054)
I guess for every rule, there’s an exception… ;)

Can you name a good privatised train operator?

jfman 23-08-2022 09:28

Re: The energy crisis
 
Quote:

Originally Posted by Paul (Post 36132065)
Four decades of failed economic policy ?
On what do you base that, or did you just make it up ?

Four decades covers multiple Labour, Conservative and Coalition governments.
There were many years of enonomic boom during that time (and some bad years as well).

Indeed it covers multiple governments of varying colours. Economic boom doesn't exempt those periods from being part of a failure too if it's not matched by rising wages and living standards across the board. If economic success looks like our decimated town centres of bookies, pound shops, charity shops and rough sleepers I'd hate to see what failure looks like.

I'm not making a party political point despite what Mick believes, I don't view politics the same way I support a football team.

---------- Post added at 08:28 ---------- Previous post was at 08:25 ----------

Quote:

Originally Posted by Mick (Post 36132066)
jfman just likes to trash the Tories, while conveniently forgetting all the other bad times with other parties. Perhaps he’d like to tell the SNP to get the overflowing bins sorted in Edinburgh right about now?

Dear Snp, if you read cable forum can you get the Labour minority run Edinburgh council (propped up by the Tories and Lib Dems) to sort out the bins. Thanks. Jfman

Done. And it didn't solve the energy crisis.

Mick 23-08-2022 09:36

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36132076)
Indeed it covers multiple governments of varying colours. Economic boom doesn't exempt those periods from being part of a failure too if it's not matched by rising wages and living standards across the board. If economic success looks like our decimated town centres of bookies, pound shops, charity shops and rough sleepers I'd hate to see what failure looks like.

I'm not making a party political point despite what Mick believes, I don't view politics the same way I support a football team.

---------- Post added at 08:28 ---------- Previous post was at 08:25 ----------



Dear Snp, if you read cable forum can you get the Labour minority run Edinburgh council (propped up by the Tories and Lib Dems) to sort out the bins. Thanks. Jfman

Done. And it didn't solve the energy crisis.

Don’t get flippant with me. The Herald ran a story urging SNP to step in to solve the crisis to prevent it becoming a national embarrassment, so it is still their (SNP’s) problem. :rolleyes:

jfman 23-08-2022 09:52

Re: The energy crisis
 
Quote:

Originally Posted by Mick (Post 36132079)
Don’t get flippant with me. The Herald ran a story urging SNP to step in to solve the crisis to prevent it becoming a national embarrassment, so it is still their (SNP’s) problem. :rolleyes:

Are the Tories stepping into local government disputes England? Or are things simply that bad down there it wouldn't class as a national embarrassment?

Mick 23-08-2022 10:01

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36132080)
Are the Tories stepping into local government disputes England? Or are things simply that bad down there it wouldn't class as a national embarrassment?

Are there local government disputes to the same magnitude of overflowing bins in Edinburgh, caused by Strikes?

Overflowing bins full of rotting food is a health hazard, not to mention a frigging eye sore.

Still a SNP problem, but you can’t bring yourself to trash your pathetic party, can you? :rolleyes:

jfman 23-08-2022 10:12

Re: The energy crisis
 
Quote:

Originally Posted by Mick (Post 36132081)
Are there local government disputes to the same magnitude of overflowing bins in Edinburgh, caused by Strikes?

Overflowing bins full of rotting food is a health hazard, not to mention a frigging eye sore.

Still a SNP problem, but you can’t bring yourself to trash your pathetic party, can you? :rolleyes:

I'm not in the SNP so I don't really associate myself with the compelling urge to defend and deflect from their inadequacies in the way you do with the Tories.

In an independent Scotland with the macroeconomic levers to intervene in the energy market, on inflation, and with borrowing powers I probably wouldn't vote for the SNP.

I welcome overflowing bins though. Nothing puts the great in Great Britain more than poor public services, half the country in fuel poverty and shit flowing in the seas.

Chris 23-08-2022 10:34

Re: The energy crisis
 
I’m eagerly awaiting the autumn TV schedules. Perhaps now’s the time to bring back It Ain’t Half Hot Mum and Til Death Us Do Part.

Mick 23-08-2022 11:41

Re: The energy crisis
 
Quote:

Originally Posted by jfman (Post 36132083)
I'm not in the SNP so I don't really associate myself with the compelling urge to defend and deflect from their inadequacies in the way you do with the Tories.

In an independent Scotland with the macroeconomic levers to intervene in the energy market, on inflation, and with borrowing powers I probably wouldn't vote for the SNP.

I welcome overflowing bins though. Nothing puts the great in Great Britain more than poor public services, half the country in fuel poverty and shit flowing in the seas.

I don’t defend the Tories, actually, another ridiculous accusation from you, yeah it’s a party I support, will vote for, but it absolutely has issues that it must address with the nation.

I challenge your views because you only appear to Tory bash, when other parties are just as shit for something.

You still need to watch your flippancy btw. :nono:

tweetiepooh 23-08-2022 13:00

Re: The energy crisis
 
During the boom times we should have been investing and saving but we just spent and spent not always wisely. We raised our lifestyles too far, nothing wrong with a bit of increase with wage rises but we had far too much excess.

OLD BOY 23-08-2022 13:59

Re: The energy crisis
 
Quote:

Originally Posted by Qtx (Post 36132055)
So because it might not have gone well in some industries in the past it can't work now in any sector?

Its working great for other countries and they are subsidising it by making profit abroad.

When so much profit is being made it could easily be run the same without profit and decrease our costs.

Where would the investment come from if industries re re-nationalised. It didn’t work before, so what’s changed?

jfman 23-08-2022 14:04

Re: The energy crisis
 
Quote:

Originally Posted by OLD BOY (Post 36132116)
Where would the investment come from if industries re re-nationalised. It didn’t work before, so what’s changed?

Same place the bail outs come from when private companies that are "too big to fail" inevitably do.

You seem to be under the false impression that investment comes from the private sector rather than recognise the parasitic nature of it. It's the end users - customers - funding the minimalistic investment and high dividends.

Hugh linked to a story this morning comparing the dividend payments to investment in to to the water industry.

I am hugely entertained by the implication that the energy market is working. Dare I ask, who for?

Damien 23-08-2022 20:36

Re: The energy crisis
 
Quote:

Originally Posted by tweetiepooh (Post 36132112)
During the boom times we should have been investing and saving but we just spent and spent not always wisely. We raised our lifestyles too far, nothing wrong with a bit of increase with wage rises but we had far too much excess.

The boom times are like 20 years ago now though.

Taf 23-08-2022 21:07

Re: The energy crisis
 
From Santander:

Quote:

We're doubling cashback to 4% on your gas and electricity bills


For 2 months from September, we're giving 4% instead of 2% cashback on gas and electricity bills.

Mr K 23-08-2022 21:29

Re: The energy crisis
 
Quote:

Originally Posted by Taf (Post 36132140)
From Santander:

2% for 2 months , that"s big of them !

1andrew1 23-08-2022 23:01

Re: The energy crisis
 
Quote:

Originally Posted by Chris (Post 36132088)
I’m eagerly awaiting the autumn TV schedules. Perhaps now’s the time to bring back It Ain’t Half Hot Mum and Til Death Us Do Part.

And:
- The Twilight Zone
- Desperate Housewives

Inactive Digital 23-08-2022 23:57

Re: The energy crisis
 
Quote:

Originally Posted by Taf (Post 36132140)
From Santander:

Doesn't Santander cap each cashback category at £5 per month anyway though? I can't imagine it will help too many people given current prices.

Paul 24-08-2022 02:31

Re: The energy crisis
 
Quote:

Originally Posted by Inactive Digital (Post 36132160)
Doesn't Santander cap each cashback category at £5 per month anyway though? I can't imagine it will help too many people given current prices.

They have raised the cap to £10.
However, I think the accounts also have a monthly fee.

papa smurf 24-08-2022 08:14

Re: The energy crisis
 
Quote:

Originally Posted by Paul (Post 36132167)
They have raised the cap to £10.
However, I think the accounts also have a monthly fee.

£4 for my 123 account and you only get interest on your first £20,000 and nothing for the rest.

Paul 25-08-2022 01:43

Re: The energy crisis
 
Quote:

Originally Posted by papa smurf (Post 36132169)
£4 for my 123 account and you only get interest on your first £20,000 and nothing for the rest.

Well I dont think a 20,000 limit would be an issue for most people (inc me).
Plus you could just put anything over that in a savings account, the rates on them keep rising atm (not as fast as inflation though).

1andrew1 25-08-2022 09:38

Re: The energy crisis
 
Just a reminder that the next price cap will be announced tomorrow.

Julian 25-08-2022 10:24

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36132296)
Just a reminder that the next price cap will be announced tomorrow.

It’s not effective from tomorrow though is it?

So plenty of time to prepare. 😉

papa smurf 25-08-2022 10:30

Re: The energy crisis
 
Quote:

Originally Posted by Julian (Post 36132304)
It’s not effective from tomorrow though is it?

So plenty of time to prepare. 😉

Are you saying prices don't rise from tomorrow, I can't get my head around this stuff

1andrew1 25-08-2022 10:38

Re: The energy crisis
 
Quote:

Originally Posted by Julian (Post 36132304)
It’s not effective from tomorrow though is it?

So plenty of time to prepare. 😉

If you're on a variable rate then they come into effect on 1 October. If you're on a fixed price deal as I believe most people are, then worth remembering that nothing alters until that contract comes to an end.

Julian 25-08-2022 11:01

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36132313)
If you're on a variable rate then they come into effect on 1 October. If you're on a fixed price deal as I believe most people are, then worth remembering that nothing alters until that contract comes to an end.

Yup so before 1/10 even our most incompetent government will have to do something to stop the sudden rises.
They do have previous for throwing seemingly unlimited amounts of money at people.
Personally I am not in favour of anyone getting piles of money to spend on whatever they want.
Reducing the price of the cause of the problem is much better.

1andrew1 25-08-2022 11:18

Re: The energy crisis
 
Also worth remembering that October is the month that businesses renegotiate their energy contracts. Cornwall Insight's analysis shows that businesses will have to pay more than four times the price they paid for their electricity in 2020. This is the data behind the claims that certain sectors eg fish and chip shops will be severely impacted.

---------- Post added at 10:18 ---------- Previous post was at 10:16 ----------

Quote:

Originally Posted by Julian (Post 36132316)
Yup so before 1/10 even our most incompetent government will have to do something to stop the sudden rises.
They do have previous for throwing seemingly unlimited amounts of money at people.
Personally I am not in favour of anyone getting piles of money to spend on whatever they want.
Reducing the price of the cause of the problem is much better.

The cause is the UK's dependence on world energy markets through lack of home grown energy generation. It's not a problem that can be solved very quickly.

papa smurf 25-08-2022 11:21

Re: The energy crisis
 
I went to see my friend yesterday, prior to last week he had a land lord installed coin electric meter in his flat, now he has one of these https://www.topupmeters.co.uk/ installed by his landlord, will he get the £400 pound discount, there are 7 flats with these meters that are satellites of the main meter for the building.

Julian 25-08-2022 11:25

Re: The energy crisis
 
Quote:

Originally Posted by 1andrew1 (Post 36132319)
Also worth remembering that October is the month that businesses renegotiate their energy contracts. Cornwall Insight's analysis shows that businesses will have to pay more than four times the price they paid for their electricity in 2020. This is the data behind the claims that certain sectors eg fish and chip shops will be severely impacted.

---------- Post added at 10:18 ---------- Previous post was at 10:16 ----------


The cause is the UK's dependence on world energy markets through lack of home grown energy generation. It's not a problem that can be solved very quickly.

Agreed but what I was referring to is the price rises from 1/10.

Do not give people handouts to pay the power bills.
Reduce the bills.


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