Re: The energy crisis
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Re: The energy crisis
The difference in Germany is that they do have quite large gas storage facilities which they have been filling during the summer. What they don’t want is these to empty rapidly in the winter, remembering that winters in Germany are much colder than here. Once empty, the energy suppliers will exposed to the market cost at possibly the worst time due to demand.
The energy restrictions are pretty light touch to be fair; Quote:
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Re: The energy crisis
https://www.theguardian.com/business...elivers-u-turn
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The cost of generating electricity varies in regards to the means of production. However, the price passed onto the consumer is always pegged at the most expensive. This is just a move to redress that, and the correct think to do. |
Re: The energy crisis
Indeed … this is a bit of disappointing politicking from the Graun, who at any other time would be bleating about the absurdity of our energy market, designed as it is to pay all generators the price being demanded by whoever happens to be the most expensive (which as we all know is presently those fuelled by gas, by a country mile). The formula was intended to be a form of subsidy for renewable generators in their infancy but has become a means of profiteering thanks to the perverse (if not entirely unforseeeable) effects of the present gas price crisis.
The government’s measures are a sticking plaster, and they are indeed a ridiculous climbdown from leadership campaign pledges that obviously should never have been made, but they are not a windfall tax on renewable generators, and it helps nobody to suggest that they are. For me, however, the single most dreadful line in the entire piece is the blatant hint at blackmail from SSE, which wants its hydro plants exempted. If they are not, SSE argues, then it might not be financially worth their while to switch them on at moments of peak demand, and there are then risks to the national grid and energy security. Translation: let us keep gouging the public or we might decide to sit back and watch the lights go off. Despite my years of right-leaning politics, if I were a government minister in the room when that was put on the table, I’d have been presenting them with my plan to bring their business under emergency state control. And let it be known that that’s what I’d done, with all the amusing knock-on effects for their share price. |
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"British low-carbon generators face de facto windfall tax" ---------- Post added at 11:23 ---------- Previous post was at 11:21 ---------- Quote:
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Re: The energy crisis
I feel like I'm watching a far fetched hilarious episode of Yes Minister, if only we could wake up tomorrow and find we have a competent Government in charge rather than the bleep, bleep, bleep, bleep, bleep Ministers we really have.
I guess Boris is the only one who is rubbing his hands together and laughing with glee. His past misdemeaners almost pale into insignificance considering what the country is facing to-day. |
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Well my heating is going to have to go on soon as I realised the washing hanging up in a bedroom isn't drying quick enough!
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These measures are a short term fix. Hopefully meaningful market reforms will follow once adequate planning is completed. |
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Re: The energy crisis
I've been beaten, just turned the heating on low!
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