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Energy companies collapse
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Old 06-10-2021, 19:28   #166
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Re: Energy companies collapse

Quote:
Originally Posted by Chris View Post
Excellent quote from that piece:
Agree 100%.
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Old 06-10-2021, 19:30   #167
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Re: Energy companies collapse

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Originally Posted by 1andrew1 View Post
Agree 100%.
UK price cap going up by 12%, German prices going up by 13%. Which is better?
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Old 06-10-2021, 19:41   #168
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Re: Energy companies collapse

Quote:
Originally Posted by nomadking View Post
UK price cap going up by 12%, German prices going up by 13%. Which is better?
Obviously depends on the numerical amount of the price cap and not the percentage rise.

Do you have the two figures to hand or are you just trying to give Johnson or Merkel a helping hand?
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Old 06-10-2021, 19:44   #169
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Re: Energy companies collapse

Quote:
Originally Posted by nomadking View Post
UK price cap going up by 12%, German prices going up by 13%. Which is better?
Average salary in Germany is higher than the U.K., and the overall cost of living is lower - which is better?

https://www.numbeo.com/cost-of-livin...untry2=Germany

Quote:
Indices Difference

Consumer Prices in Germany are 4.47% lower than in United Kingdom (without rent)
Consumer Prices Including Rent in Germany are 6.33% lower than in United Kingdom
Rent Prices in Germany are 10.91% lower than in United Kingdom
Restaurant Prices in Germany are 16.60% lower than in United Kingdom
Groceries Prices in Germany are 7.83% lower than in United Kingdom
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Old 06-10-2021, 19:59   #170
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Re: Energy companies collapse

Quote:
Originally Posted by 1andrew1 View Post
Obviously depends on the numerical amount of the price cap and not the percentage rise.

Do you have the two figures to hand or are you just trying to give Johnson a helping hand?
Do you have the figures or are you just making things up? At least I do the research.
The 12% was on TV news.
Link
Quote:
Price comparison website Verivox told Tagesspiegel that dozens of suppliers in Germany would be raising household gas prices in autumn, on average more than 13 percent, which corresponds to additional costs of 191 euros for the average household. Verivox said that not only higher market prices would fuel the “gas price wave” but also the next stage in national carbon pricing, which is due to go up from 25 to 30 euros per tonne of CO2 in 2022. Suppliers would often directly pass on this cost increase to customers.
I did post the details of price comparisons between countries, but that post seems to have disappeared(probably due to tidying up of threads).
You can't compare raw gas prices, you have to include all the other costs that the consumer faces(green taxes).

---------- Post added at 19:59 ---------- Previous post was at 19:58 ----------

Quote:
Originally Posted by Hugh View Post
Average salary in Germany is higher than the U.K., and the overall cost of living is lower - which is better?

https://www.numbeo.com/cost-of-livin...untry2=Germany
What's that to do with claiming that German gas price increases are less?
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Old 06-10-2021, 20:14   #171
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Re: Energy companies collapse

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Originally Posted by nomadking View Post
What's that to do with claiming that German gas price increases are less?
Plenty if you're paying the bill!
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Old 06-10-2021, 20:19   #172
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Re: Energy companies collapse

Quote:
Originally Posted by TheDaddy View Post
Plenty if you're paying the bill!
But nothing to do with what is being claimed. Firstly Germany currently DOESN'T have large stores of gas.
Link

Quote:
Gas storage operator association Ines said that while storage levels are currently unusually low for this time of the year after a cold start to 2021, filling levels could attain 90 percent again before the end of the year from a technical point of view.
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Old 06-10-2021, 20:49   #173
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Re: Energy companies collapse

Quote:
Originally Posted by nomadking View Post
Do you have the figures or are you just making things up? At least I do the research.
The 12% was on TV news.
Link
I did post the details of price comparisons between countries, but that post seems to have disappeared(probably due to tidying up of threads).
You can't compare raw gas prices, you have to include all the other costs that the consumer faces(green taxes).

---------- Post added at 19:59 ---------- Previous post was at 19:58 ----------


What's that to do with claiming that German gas price increases are less?
Because context is all - if you have a higher salary & lower overall cost of living, one data point increasing is more affordable.
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Old 06-10-2021, 20:59   #174
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Re: Energy companies collapse

Quote:
Originally Posted by Hugh View Post
Because context is all - if you have a higher salary & lower overall cost of living, one data point increasing is more affordable.
The claim was about increases and that Germany's was lower because they have a large amount stored. The claim was false on both counts.


According to this, the UKs raw gas price is only 2% more than Germany's.
UK 70,46 Euros per MW/h, Germany 69.1 Euros per MW/h.
Link
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Old 06-10-2021, 21:00   #175
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Re: Energy companies collapse

Quote:
Originally Posted by nomadking View Post
Do you have the figures or are you just making things up? At least I do the research.
I just posed a question.

Here's some research
https://edition.cnn.com/2021/09/23/b...sis/index.html
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Old 06-10-2021, 21:05   #176
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Wink Re: Energy companies collapse

Quote:
Originally Posted by nomadking View Post
"
With banks it's about access to people's money, that the people already own.
Irrelevant.

The similarity lies in the requirement that national infrastructure and services upon which people rely should continue to function. Whether the commodity they are storing is already owned or not is neither here nor there. If supply cannot meet demand then a serious risk to the public wellbeing arises.
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Old 06-10-2021, 21:15   #177
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Re: Energy companies collapse

December 2020 Electricity prices
Germany $0.37/KWh, UK $0.26/KWh.
Link
Quote:
Germany has the highest electricity prices worldwide. In December 2020, German households were charged around 0.37 U.S. dollars per kilowatt hour plus value added tax. By comparison, in neighboring Poland, residents paid about half as much, while households in the United States were charged even less.
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Old 06-10-2021, 21:35   #178
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Re: Energy companies collapse

Again (and I know from your previous posts context & nuance are not close acquaintances of yours), it all depends on the overall economic picture re affordability.

Anyway, Vladimir Vladimirovich has decided to play nice…

Quote:
UK gas prices fall from record high after Russia steps in
https://www.bbc.co.uk/news/business-58815665
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Last edited by Hugh; 06-10-2021 at 21:40.
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Old 06-10-2021, 22:44   #179
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Re: Energy companies collapse

Quote:
Originally Posted by Hugh View Post
Again (and I know from your previous posts context & nuance are not close acquaintances of yours), it all depends on the overall economic picture re affordability.

Anyway, Vladimir Vladimirovich has decided to play nice…

https://www.bbc.co.uk/news/business-58815665
Pesky Russians eh . . anyway, the French won't let us have any unless we let them fish in Torquay harbour . . or something
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Old 06-10-2021, 23:30   #180
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Re: Energy companies collapse

Quote:
Originally Posted by Carth View Post
Pesky Russians eh . . anyway, the French won't let us have any unless we let them fish in Torquay harbour . . or something
Quote:
There's a fine line between fishing and just standing on the shore like an idiot.

Steven Wright, American comedian
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