Rising cost of living

[OLD BOY]

Originally Posted by jfman

Now, now OB. No need for your pitiful insults. It's understandable that you have bitterness about the ideology you blindly support being exposed as a case of the Emperor's new clothes but there's no need to take it out on me. I didn't create this series of events although I've sounded the alarm bell for some time.

Those ideas are, somewhat ironically, about to expire like an old retired person under capitalism, weak in mind and body, discarded to the side as no longer useful and unable to contribute to 21st century reality.

Sorry, jfman, but yet another unjustified post from you, with more incorrect assumptions and statements.

Getting on with the topic, I am pointing out that people are already being helped considerably, and there’s more to come when Liz is prime minister.

In case you can’t recollect what Rishi has done already, here’s a gentle reminder.

https://www.gov.uk/government/news/m...g-energy-costs

[jfman]

Originally Posted by OLD BOY

Sorry, jfman, but yet another unjustified post from you, with more incorrect assumptions and statements.

Getting on with the topic, I am pointing out that people are already being helped considerably, and there’s more to come when Liz is prime minister.

In case you can’t recollect what Rishi has done already, here’s a gentle reminder.

https://www.gov.uk/government/news/m...g-energy-costs

OB I think you’ll find you are making my points for me here if you revisit what was actually said.

Originally Posted by nomadking

But then everybody else would bid higher and higher for that limited amount of cheaper electricity, and prices would rise anyway. Who would decide, who gets that cheaper electricity? Also Wind and Solar has to be backed up by gas.
At this very point in times, renewables(includes Biomass) may look fairly good at 30%, but that can drop quite markedly. Think of at night, in winter, with wind producing 3% or less, Biomass at 7%, where is the rest expected to come from?

You’re completely ignoring the fact that the generating market is totally rigged right now. Ending the practice of artificially pricing all sources at the level of the most expensive does not then require an unregulated market to be put in its place. We have a regulator and we know what it actually costs to generate electricity from renewables or nuclear. There’s nothing to stop a cost plus fair profit system being imposed, for at least the duration of the emergency. It would require an Act of Parliament but it can be done.

[OLD BOY]

Originally Posted by jfman

OB I think you’ll find you are making my points for me here if you revisit what was actually said.

[nomadking]

Originally Posted by Chris

You’re completely ignoring the fact that the generating market is totally rigged right now. Ending the practice of artificially pricing all sources at the level of the most expensive does not then require an unregulated market to be put in its place. We have a regulator and we know what it actually costs to generate electricity from renewables or nuclear. There’s nothing to stop a cost plus fair profit system being imposed, for at least the duration of the emergency. It would require an Act of Parliament but it can be done.

You would need the sort of energy market they have in the US, where prices can vary from moment to moment, depending on where the energy is coming from.
Eg

National Grid paid £9,724 per megawatt hour, more than 5,000% than the typical price, to Belgium on Wednesday to prevent south-east London losing power.

Which customers would get to pay that? Nearly £10/KWh(unit). That iirc is what happens in the US.

[pip08456]

Originally Posted by papa smurf

I remember when i was a child, we only had one tap and it was cold, we had a coal stove and had to boil water on it to fill the tin bath that lived on a hook on the outside wall next to the outside toilet, there was a hierarchy of bath usage and i was last, I thought i would never see people living that way again.

I too remember those days. Don't forget the outdoor look with squares of newspaper on string and the hurricane lamp in over winter to stop the pipes freezing. The "good" old days.

[Pierre]

The price is set be external markets.

The price is set by demand and supply.

We can do two things, increase supply or decrease demand.

We should have had control over supply several years ago. At the moment we’re ****ed and will be for some time.

Originally Posted by Pierre

The price is set be external markets.

The price is set by demand and supply.

We can do two things, increase supply or decrease demand.

We should have had control over supply several years ago. At the moment we’re ****ed and will be for some time.

Not entirely. The gas price is set by the global market but the UK’s internal electricity generation market is rigged so all producers get the same unit rate as the most expensive. The abnormally high gas price means we are paying way, way over the odds for wind, solar, hydro and nuclear right now, because the most expensive electricity is produced by burning gas so that’s what’s setting the market rate.

[jfman]

Trickle up economics

Originally Posted by Jaymoss

Octopus buy a very large amount of Green Electricity produced in this country. Why should the bill payer pay the same as gas produced electric ?

You might want to remember (as I pointed out a few months ago), the fact that Octopus "buy" green energy doesnt mean the electricity you use is cheaper, or even green.

Who you pay (Octopus, Bulb etc) has zero bearing at all over where the actual electricity you use comes from, thats entirely controlled by the National Grid.
Switching supplier doesnt magically change where your electic actually comes from. Its perfectly possible (tho unlikely) that 100% of what you use was generated by gas.
It could even have been generated in another country.

[Jaymoss]

Originally Posted by Paul

You might want to remember (as I pointed out a few months ago), the fact that Octopus "buy" green energy doesnt mean the electricity you use is cheaper, or even green.

Who you pay (Octopus, Bulb etc) has zero bearing at all over where the actual electricity you use comes from, thats entirely controlled by the National Grid.
Switching supplier doesnt magically change where your electic actually comes from. Its perfectly possible (tho unlikely) that 100% of what you use was generated by gas.
It could even have been generated in another country.

I know all that I am not thick hahaha

Are you tired mate? I do not think I have ever seen so many spelling mistakes (well there is only 1) or general lack of punctuation in one of your posts before

[Mr K]

Wonder what price rise VM are planning ? They'd better be careful as their support forum is already full of people trying to downgrade/cancel. After utility bills people might not have much for tv subs.

[Jaymoss]

Originally Posted by Mr K

Wonder what price rise VM are planning ? They'd better be careful as their support forum is already full of people trying to downgrade/cancel. After utility bills people might not have much for tv subs.

my last deal is meant to run with no price rises so guess I will see

[denphone]

Originally Posted by Mr K

Wonder what price rise VM are planning ? They'd better be careful as their support forum is already full of people trying to downgrade/cancel. After utility bills people might not have much for tv subs.

No doubt about that as l know several people who are having to cut their cloth accordingly despite having reasonable paid jobs.

[heero_yuy]

Originally Posted by Mr K

Wonder what price rise VM are planning ? They'd better be careful as their support forum is already full of people trying to downgrade/cancel. After utility bills people might not have much for tv subs.

We'll be looking to dump the TV and phone and go for the minimum BB pack that does the deal. Freeview and free streamers will do the business.