Reform UK's chronicles

[1andrew1]

Originally Posted by Carth

please explain "energy sovereignty", as I thought all energy produced was thrown into a big pot and then sold back to you?

If it's produced locally eg wind power, hydro-electric, nuclear then it doesn't go into the same big pot that gas and oil do. And its not impacted by overseas countries.

[Carth]

Originally Posted by 1andrew1

If it's produced locally eg wind power, hydro-electric, nuclear then it doesn't go into the same big pot that gas and oil do. And its not impacted by overseas countries.

Wait . . so you're telling me that my Gas and Electric bills are not raised and lowered due to the 'global' prices, but instead it's if the wind blows or the sun shines?

Originally Posted by Carth

Wait . . so you're telling me that my Gas and Electric bills are not raised and lowered due to the 'global' prices, but instead it's if the wind blows or the sun shines?

This can feed into the price. Wholesale prices are cheaper when it's windy or sunny, I use Octopus Agile, which links to the wholesale price by the half-hour (priced a day ahead), and you can see it drop to single pennies on sunny/windy days or as high as 50p when it isn't.

But the price always goes up between 4pm-7pm as there isn't enough renewable energy to sustain the demand.

So your tariff will be informed by renewables but still will vary more because of the global prices.

[Sephiroth]

Originally Posted by 1andrew1

Reform's policies will reduce energy sovereignty and will lead to increased costs and price volatility.

Won't Reform's policy support "drill baby drill" and thus improve our energy sovereignty in so far as we can claim sovereignty (pot/buy-back)?

At least we'll have a strategic resource.

[Pierre]

Originally Posted by 1andrew1

Reform's policies will reduce energy sovereignty and will lead to increased costs and price volatility.

Net-zero has already done that.

---------- Post added at 14:28 ---------- Previous post was at 14:27 ----------

Originally Posted by Carth

Wait . . so you're telling me that my Gas and Electric bills are not raised and lowered due to the 'global' prices, but instead it's if the wind blows or the sun shines?

The electricity price is pegged to the gas price, regardless.

[Carth]

Originally Posted by Pierre

Net-zero has already done that.

It seems I was completely mistaken regarding Net Zero in the UK, it's nothing at all to do with Carbon Emissions, and simply the end target of which all (or most of) the UK will end up with . . absolutely nothing at all.

[TheDaddy]

Originally Posted by Sephiroth

Won't Reform's policy support "drill baby drill" and thus improve our energy sovereignty in so far as we can claim sovereignty (pot/buy-back)?

At least we'll have a strategic resource.

Didn't we sell our sovereignty aka oil fields to the highest bidder thus improving Norways sovereign wealth fund, could be wrong, just seems like something we'd do