Cable Forum

Cable Forum (https://www.cableforum.uk/board/index.php)
-   Current Affairs (https://www.cableforum.uk/board/forumdisplay.php?f=20)
-   -   Crude oil, gas and electricity (https://www.cableforum.uk/board/showthread.php?t=33700024)

Taf 03-02-2015 07:37
Crude oil, gas and electricity
 
A quote from Which magazine:

Quote:
Based on wholesale prices in late January, it said the cuts of up to 5.1%, should actually have been up to 10.3%.

And it found that standard variable electricity tariffs, which have not been cut, should be reduced by 15%.
Brent Crude Oil Price:

https://www.cableforum.co.uk/images/...2015/05/19.jpg

http://www.bbc.co.uk/news/business-31102496

When the price of crude rises, they say that gas and electricity as tied to the price.

When the price drops, such a tie is denied to exist.

Gary L 03-02-2015 07:54
Re: Crude oil, gas and electricity
 
Oh well. we're British.
by all means have a good old British moan. but at the end of the day. we're British.

Traditional British quaint. "it's disgusting"

denphone 03-02-2015 08:21
Re: Crude oil, gas and electricity
 
What else can you expect with a good old cartel.

heero_yuy 03-02-2015 08:29
Re: Crude oil, gas and electricity
 
And of course Milibrain's price freeze promise that sent a corporate shiver through the energy industry. Who's going to cut prices when you could be locked into them by law when crude prices rise again?

Thanks Ed, moron.:rolleyes:

richard s 03-02-2015 09:14
Re: Crude oil, gas and electricity
 
Laws can be changed/amended! Unlike the Tory boys who have done 0.

TheDaddy 03-02-2015 12:15
Re: Crude oil, gas and electricity
 
Quote:
Originally Posted by heero_yuy (Post 35756949)
And of course Milibrain's price freeze promise that sent a corporate shiver through the energy industry. Who's going to cut prices when you could be locked into them by law when crude prices rise again?

Thanks Ed, moron.:rolleyes:
How convenient for them that it's not actually the energy companies fault

Mick Fisher 03-02-2015 16:40
Re: Crude oil, gas and electricity
 
Quote:
Originally Posted by denphone (Post 35756945)
What else can you expect with a good old cartel.
Spot on Den.

jtwn 08-02-2015 21:11
Re: Crude oil, gas and electricity
 
If the government actually cared, it could set up its own operation that sells energy at a price where it only makes a marginal profit on the market price it buys at.

But it wouldn't do it because that falls under the guise of being 'uncompetitive' and public industries are 'inefficient'. Obviously it is a bit too 'red' as well and we could never go against the wheel that thatcher started turning.

rhyds 09-02-2015 07:54
Re: Crude oil, gas and electricity
 
Quote:
Originally Posted by jtwn (Post 35758038)
If the government actually cared, it could set up its own operation that sells energy at a price where it only makes a marginal profit on the market price it buys at.
The problem there being that the "company" would basically be run by political expediency rather than market needs. For example, say the government decide to be "green" and stop the New Electricity Board from buying supplies from coal and nuclear power stations. Prices would go through the roof, and if you disagreed with that what options do you have? None, aside from buying your own generator.

Also, that "marginal profit" wouldn't pay for network upgrades and the like, and if it were in any way substantial the government would simply "divert" it to more "worthy" causes (insert your own pet peeve here). It boils down to this, do you think that politicians can be trusted to keep the lights on?

That's not to say not-for-profit utilities can't work, Welsh Water is run on a not-for-profit basis, but is not government controlled. Of course it does have the benefit of being in an industry where competition is non-existent, so they can't really fail to make things work.

richard s 09-02-2015 14:48
Re: Crude oil, gas and electricity
 
Then we have FRACKING to contend with.

jtwn 14-02-2015 18:56
Re: Crude oil, gas and electricity
 
Quote:
Originally Posted by rhyds (Post 35758073)
The problem there being that the "company" would basically be run by political expediency rather than market needs. For example, say the government decide to be "green" and stop the New Electricity Board from buying supplies from coal and nuclear power stations. Prices would go through the roof, and if you disagreed with that what options do you have? None, aside from buying your own generator.

Also, that "marginal profit" wouldn't pay for network upgrades and the like, and if it were in any way substantial the government would simply "divert" it to more "worthy" causes (insert your own pet peeve here). It boils down to this, do you think that politicians can be trusted to keep the lights on?

That's not to say not-for-profit utilities can't work, Welsh Water is run on a not-for-profit basis, but is not government controlled. Of course it does have the benefit of being in an industry where competition is non-existent, so they can't really fail to make things work.
You operate the company with a charter that clearly defines what it is to do and how it is to be achieved. Enshrine it in law if needs be.

And the marginal profit would be whatever you set it to so it could of course pay for network upgrades should you set it to this amount. The big energy firms currently constrain investment into the network so an arrangement such as this would be infinitely more beneficial than the current set-up.

Pierre 14-02-2015 20:06
Re: Crude oil, gas and electricity
 
Quote:
Originally Posted by richard s (Post 35758133)
Then we have FRACKING to contend with.
We should be fracking all over.

I don't see what the issue is.


All times are GMT. The time now is 23:10.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.
All Posts and Content are © Cable Forum