| Wow! Just seen the price of electricity in Britain 08:28 - Sep 19 with 5772 views | noggin |
Why is it so expensive? That is crazy prices. |  |
| |  |
| Wow! Just seen the price of electricity in Britain on 09:08 - Sep 20 with 1042 views | HARRY10 |
As stated above, and now confirned in todays Mail
"Other European nations, such as the Netherlands, have dealt with the Moscow threat by building huge storage capacity which can withstand months of disruption. In the UK our biggest storage at Rough off the coast of East Yorkshire was shut down in 2017 because of safety and leakage concerns.
The belief was that secure liquid natural gas supplies, arriving from Qatar, would ensure constant availability. That judgment has proved flawed. "
With inflation rising, the huge jump in gas prices will merely add to increased cost of food and petrol to push it higher.
The question there is, does the BoE hope price rises settle, or does it start to raise the cost of money by shifting interest rates upward - with the consequent knock on effect on mortgages should the higher rate stay, or rise even further. While gas prices should start to fall back after a few months, food prices won't - given the rising costs of production,
Maybe put the 'asylum seekers' to work - available and much needed labour. Have a sort of 'one in, one out' system at the border. In comes a healthy worker, and out goes a scrounging red wall brexiteer
Soon have the country back on its feet ! |  | | |
| Wow! Just seen the price of electricity in Britain on 09:14 - Sep 20 with 1035 views | Swansea_Blue |
| Wow! Just seen the price of electricity in Britain on 11:06 - Sep 19 by You_Bloo_Right |
"i guess a lot depends on how honest our governments are...."
Well that's us f'ed then. |
A timely reminder that Johnson and Gove promised that gas bills would be cheaper by c. £2 bn nationally if people voted to leave the EU....
(...along with smaller class sizes and £18.2bn extra to the NHS. That £9.5 bn net contribution to the EU is doing a lot of heavy lifting!). |  |
| |
| Wow! Just seen the price of electricity in Britain on 09:22 - Sep 20 with 1022 views | chicoazul |
| Wow! Just seen the price of electricity in Britain on 09:32 - Sep 19 by pointofblue |
I think noggin lives in Norway. |
Ah right. I’d rather have our electric prices than their beer prices tbf. |  |
| |
| (No subject) (n/t) on 09:24 - Sep 20 with 1020 views | Pinewoodblue |
| Wow! Just seen the price of electricity in Britain on 06:33 - Sep 20 by ElderGrizzly |
It’s expensive right now. More than double a lot of Europe (first image was spot price so ignore that)
|
|  |
| |
| Wow! Just seen the price of electricity in Britain on 09:31 - Sep 20 with 1011 views | BanksterDebtSlave |
| Wow! Just seen the price of electricity in Britain on 09:08 - Sep 20 by HARRY10 |
As stated above, and now confirned in todays Mail
"Other European nations, such as the Netherlands, have dealt with the Moscow threat by building huge storage capacity which can withstand months of disruption. In the UK our biggest storage at Rough off the coast of East Yorkshire was shut down in 2017 because of safety and leakage concerns.
The belief was that secure liquid natural gas supplies, arriving from Qatar, would ensure constant availability. That judgment has proved flawed. "
With inflation rising, the huge jump in gas prices will merely add to increased cost of food and petrol to push it higher.
The question there is, does the BoE hope price rises settle, or does it start to raise the cost of money by shifting interest rates upward - with the consequent knock on effect on mortgages should the higher rate stay, or rise even further. While gas prices should start to fall back after a few months, food prices won't - given the rising costs of production,
Maybe put the 'asylum seekers' to work - available and much needed labour. Have a sort of 'one in, one out' system at the border. In comes a healthy worker, and out goes a scrounging red wall brexiteer
Soon have the country back on its feet ! |
Lefty in 'despises working class northerners shocker.' |  |
| |
| Wow! Just seen the price of electricity in Britain on 09:48 - Sep 20 with 990 views | MattinLondon |
| Wow! Just seen the price of electricity in Britain on 09:14 - Sep 20 by Swansea_Blue |
A timely reminder that Johnson and Gove promised that gas bills would be cheaper by c. £2 bn nationally if people voted to leave the EU....
(...along with smaller class sizes and £18.2bn extra to the NHS. That £9.5 bn net contribution to the EU is doing a lot of heavy lifting!). |
Out of interest, has any Brexiteer accepted responsibility for it? |  | | |
| Wow! Just seen the price of electricity in Britain on 10:44 - Sep 20 with 937 views | baxterbasics |
Successive governments have stalled on doing anything meaningful to secure our energy supplies long term.
We need to ramp up nuclear generation and get fracking. Sure do the climate-friendly stuff too while we are at it, but they alone will not do it for some time. |  |
| |
| Wow! Just seen the price of electricity in Britain on 10:44 - Sep 20 with 937 views | Ryorry |
To complete my OU Tech Foundation course in 1994, I picked subject 'The Privatisation of the Electricity Industry' (imminent at that point) for my final dissertation, & concluded that it was a terrible idea because of potential scenarios similar to this. Really wish I'd been wrong. |  |
| |
Login to get fewer ads
| Wow! Just seen the price of electricity in Britain on 10:48 - Sep 20 with 933 views | Ryorry |
| Wow! Just seen the price of electricity in Britain on 10:44 - Sep 20 by baxterbasics |
Successive governments have stalled on doing anything meaningful to secure our energy supplies long term.
We need to ramp up nuclear generation and get fracking. Sure do the climate-friendly stuff too while we are at it, but they alone will not do it for some time. |
Downed for 'get fracking'.
That dumper truck has long since gone & foundered on the UK rocks (almost literally). Do an online search. | |
| |
| Wow! Just seen the price of electricity in Britain on 11:53 - Sep 20 with 895 views | TooManyCooks |
| Wow! Just seen the price of electricity in Britain on 01:02 - Sep 20 by HARRY10 |
"...........his is a global problem, not just the UK."
err, yes - nobody is claiming it isn't
Where the concerns lie is how resilient the UK is to dealing with this problem. The lack of strategic reserves will play a major part in the way of dealing with this.*
And having an incompetent like 'fat boy' in charge will mean more dithering and umpteen u-turns. Much of Europe has already taken action to subsidise prices and ensure disruption is kept to a minimum, where possible. Fat boy is on holiday.
*The closing of the Rough storage facility did provoke a warning back in 2017
"The closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports."
"Analysts at Barclays said the closure would increase the volatility of winter gas prices, a view shared by other industry-watchers. Matt Osborne, a risk manager at energy consultancy Inenco, said: “We anticipate that the decision to close Rough will create uncertainty in terms of energy pricing." Tue 20 Jun 2017
Stripping the PPE stocks to their bare minimum, reducing police numbers by 20,000, ending nurses bursaries and now the lunacy of blocking migrant labour from filling jobs that pay less than £25,000 per annum is having its effect. As was predicted (above) and elsewhere repeatedly.
Cutting over £1000 from Universal Credit will take around £4-5 bn (?) out of the economy and hit hardest those for whom energy costs are a large percentage of their income, who are now set to face this increased cost - assuming they do not get also hit with higher petrol prices.
Perhaps when the wind blows a bit more, the various supply lines are fixed, all power stations are up and running we will see these sudden flare ups recede. Elsewhere the Chinese property boom has slowed, meaning less energy needed.
However the rest stands. Through incompetent leadership and policies, the UK has been left vulnerable to global problems - and as businesses and trade continue to seep out of the country there is a certainty of far worse ahead as these factors bite harder.
Gird up your loins ..... a hard winter is a comin' |
I wasn't disagreeing with you, just giving a more global perspective on the issues, as I perceive them, in response to OP.
Storage levels and market hedging against future prices certainly help in the short term and on the face of it, it would appear that our Government have performed neither very well, though I am not well informed on our approach to such matters to be fair. The longer term picture still remains problematic globally and stores only last so long, with winter approaching and sky high prices set to continue, we are all going to be out of pocket for quite a while, because it will no doubt be the end user that burdens the extra costs, as usual.
I'd like to know what the view is in Asia, as pretty much the entire continent has set all of its immediate future plans on gas powered electricity, including loads of new plants, expecting gas to remain low priced for years to come. I know the Chinese are actively hijacking supply contracts from Europe at ridiculous prices just to maintain manufacturing levels at factories, that won't help prices one bit.
It's absolutely mad really, literally 2 years ago there was so much gas being produced from the US shale industry that most of the companies went bust as the huge glut of supply meant they were almost giving it away and the remaining companies ended up actually destroying much of the stuff, because it was cheaper than readying it for market! It is a mind boggling turnaround in such a short space of time, but of course the US shale producers that are left will not be unhappy with the current events as even their prices are shooting up, nothing like here, but still making them plenty of $$$ [Post edited 20 Sep 2021 11:53]
| |
| hedgehog flavoured cucumbers |
| |
| Wow! Just seen the price of electricity in Britain on 12:15 - Sep 20 with 864 views | Swansea_Blue |
| Wow! Just seen the price of electricity in Britain on 09:48 - Sep 20 by MattinLondon |
Out of interest, has any Brexiteer accepted responsibility for it? |
In terms of those who were the architects and the media commentators/journos who pushed the project, not as far as I'm aware. It seems they're trying to bury the impacts and not be held accountable for their promises. Much like this promise around energy prices - I don't see the media pulling them up on this at all. It's only the remainer lot on social media that are saying anything. There's zero accountability. Even the opposition don't seem particularly keen to challenge them, which is one of the oddest things about it all imo. | |
| |
| Wow! Just seen the price of electricity in Britain on 08:36 - Sep 21 with 740 views | HARRY10 |
"Elsewhere the Chinese property boom has slowed, meaning less energy needed. " Harry10 (above)
Could well be about to topple off the cliff, as property giant Evergrande is struggling to make repayments, and so would take down umpteen suppliers, buyers who have paid up front (waiting for their house to be built) and around 171 domestic banks and 121 other financial firms if it goes bust.
The question is whether the state will want to bail it out to stop the inevitable domino effect, or will it see it as a way of reigning in the bloated corporate debt that has been ballooning over the past few years
If it goes, then the waves will be felt globally, as many western banks and finance houses will undoubtedly be exposed.
It was the bad mortgages that toppled the global economy in 2008. It can't be certain what any collapse here might do - bar reducing the global demand for gas.
An ill wind etc | | | |
| Wow! Just seen the price of electricity in Britain on 09:00 - Sep 21 with 708 views | HARRY10 |
| Wow! Just seen the price of electricity in Britain on 20:13 - Sep 19 by Bluedicea |
You just twist everything.
The decision to close the Rough facility was made in 2017 by the owners of it, Centrica, the energy firm that owns British Gas. The reason they closed it was because it was too costly to keep running and to update to modern standards. The facility had gone over it's 40 year life span and was at its height only ever 10% of the UK storage and processing, it was also leaking more gas than is allowed under current EU law, which is why it had to reduce the pressure of the gas they kept in storage.
https://www.gov.uk/cma-cases/rough-gas-storage-facility-review-of-undertakings
Since then we have had dozens of extra storage capacity built, by several companies. Some are still not finished, as they take several years to construct. The reason they did this is because we can no longer rely on the North Sea gas fields as they are running out. A decade ago they were supplying 70% of our needs and we were exporting it. Now the field can only supply 40% of our needs, so in the last decade we have become a net importer for gas. The government addressed this by asking companies to build more and larger gas storage facilities for the future, of which most have only been finished in the last 3 years and have come online during the pandemic.
Between February 2019 and February 2021, the storage went from 2.5 billion cubic metres to 4.2 billion cubic metres. It was 1.2 billion cubic metres in 2001, these are all established and published facts, to show we have increased our storage capacity, which you have lied about and not proven in any way.
And this goes along with the fact we are using 22% less gas now than we did in 2001.
Another reason for the increase in gas prices is due to increased demand from the far east and the weather in Europe has been calmer and less windy this year than usual, so we need more gas and coal power to shore up the difference.
https://www.statista.com/statistics/549039/gas-storage-space-uk/
https://www.oxfordenergy.org/publications/gas-storage-in-great-britain/ [Post edited 21 Sep 2021 18:50]
|
As pointed out, the post quoted is nothing more than some nonsensical rightie guff, put up to try to defend his 'betters', as this from the Guardian also now has
[.]"Yet despite the obvious reliance on fossil fuels for electricity, homes and in heavy industry, the UK has some of the lowest amounts of gas storage capabilities in Europe, leaving the market uniquely exposed to the supply crunch. Less than 1% of Europe’s stored gas is held by the UK.
Britain has been forced to temporarily fire up coal power stations, paying millions of pounds to the likes of Drax in North Yorkshire, to plug some of this power shortfall.
That fragile system faces further challenges in the years ahead, with most of the UK’s nuclear power plants, which supply up to 20% of electricity, to close by the end of the decade. Just one new nuclear power station, Hinkley Point C in Somerset, is being built to replace them."
Far from the government being innocent victims of this, it is their mismanagement that has exacerbated the problem, as with so much else. PPE, nurses shortage, school exams, labour shortages etc
The article is a worthy read covering, as it does, the wider picture and implications.
https://www.theguardian.com/business/2021/sep/21/what-caused-the-uks-energy-cris | | | |
| Wow! Just seen the price of electricity in Britain on 09:07 - Sep 21 with 697 views | monytowbray |
When you privatise everything, vote in criminals based on lies, let the super rich avoid tax for well over a decade and let corruption set in you end up with disaster capitalism taking hold.
Everything is a product of 40 years of ruthless self-interest based on dated/disproven theories of human behaviour.
You’d think considering energy hasn’t been cheap for my entire adult life would mean they kept some money aside but those shareholder bonuses and dividends don’t pay themselves!
Boycott your energy bill, they can’t send the debt collectors to all our doors (and so long as you don’t let them over your front doorstep and inside they are powerless, you don’t even need to answer it). |  |
| |
| Wow! Just seen the price of electricity in Britain on 09:12 - Sep 21 with 679 views | chicoazul |
| Wow! Just seen the price of electricity in Britain on 09:00 - Sep 21 by HARRY10 |
As pointed out, the post quoted is nothing more than some nonsensical rightie guff, put up to try to defend his 'betters', as this from the Guardian also now has
[.]"Yet despite the obvious reliance on fossil fuels for electricity, homes and in heavy industry, the UK has some of the lowest amounts of gas storage capabilities in Europe, leaving the market uniquely exposed to the supply crunch. Less than 1% of Europe’s stored gas is held by the UK.
Britain has been forced to temporarily fire up coal power stations, paying millions of pounds to the likes of Drax in North Yorkshire, to plug some of this power shortfall.
That fragile system faces further challenges in the years ahead, with most of the UK’s nuclear power plants, which supply up to 20% of electricity, to close by the end of the decade. Just one new nuclear power station, Hinkley Point C in Somerset, is being built to replace them."
Far from the government being innocent victims of this, it is their mismanagement that has exacerbated the problem, as with so much else. PPE, nurses shortage, school exams, labour shortages etc
The article is a worthy read covering, as it does, the wider picture and implications.
https://www.theguardian.com/business/2021/sep/21/what-caused-the-uks-energy-cris |
Hazza if you’re saying we need to build loads of new nuclear power stations then I agree. | |
| |
| Wow! Just seen the price of electricity in Britain on 09:17 - Sep 21 with 670 views | monytowbray |
| Wow! Just seen the price of electricity in Britain on 09:12 - Sep 21 by chicoazul |
Hazza if you’re saying we need to build loads of new nuclear power stations then I agree. |
It’s really not that simple.
The answer to the future (current?) energy crisis is a mix of sources, as much green energy as possible, less profit exploitation, a change in how our economies/imports/exports/local sourced goods and personal responsibility.
You can start doing the last 2 listed there today. These people sadly only understand problems when it hits their bottom line, change is inevitable when the wider population either suss this, have had enough or poverty sets in. | |
| |
| Wow! Just seen the price of electricity in Britain on 09:31 - Sep 21 with 641 views | TooManyCooks |
| Wow! Just seen the price of electricity in Britain on 09:12 - Sep 21 by chicoazul |
Hazza if you’re saying we need to build loads of new nuclear power stations then I agree. |
It is going to be interesting to see the different strategies adopted by Countries around the World play out over the next 5, 10 to 20 years as Fusion Power gets ever closer to becoming a reality. I very much doubt many will be wanting to sanction the build of numerous nuclear power plants just when there is potential for "clean" fusion power, though we likely won't even know if fusion could be scaled up to meet any level of demand for another 5+ years.
Would be a huge step for humanity if they can pull it off. | |
| hedgehog flavoured cucumbers |
| |
| Wow! Just seen the price of electricity in Britain on 09:32 - Sep 21 with 637 views | GlasgowBlue |
| Wow! Just seen the price of electricity in Britain on 09:07 - Sep 21 by monytowbray |
When you privatise everything, vote in criminals based on lies, let the super rich avoid tax for well over a decade and let corruption set in you end up with disaster capitalism taking hold.
Everything is a product of 40 years of ruthless self-interest based on dated/disproven theories of human behaviour.
You’d think considering energy hasn’t been cheap for my entire adult life would mean they kept some money aside but those shareholder bonuses and dividends don’t pay themselves!
Boycott your energy bill, they can’t send the debt collectors to all our doors (and so long as you don’t let them over your front doorstep and inside they are powerless, you don’t even need to answer it). |
If you boycott your energy bill and ignore the red letters and letters from debt collectors, won't they .....
a. Get a CCJ against you and take the money from your wages via an arrestment?
b. Turn your electricity/gas supply off? |  |
| |
| Wow! Just seen the price of electricity in Britain on 09:35 - Sep 21 with 625 views | monytowbray |
| Wow! Just seen the price of electricity in Britain on 09:31 - Sep 21 by TooManyCooks |
It is going to be interesting to see the different strategies adopted by Countries around the World play out over the next 5, 10 to 20 years as Fusion Power gets ever closer to becoming a reality. I very much doubt many will be wanting to sanction the build of numerous nuclear power plants just when there is potential for "clean" fusion power, though we likely won't even know if fusion could be scaled up to meet any level of demand for another 5+ years.
Would be a huge step for humanity if they can pull it off. |
Exactly this. Too many energy revolutions on the cusp investing in loads of nuclear stations could be like buying a load of Nokia 3310s in 2001.
It’s also worth noting that despite you being right on countries having their own approaches we need an agreed approach globally - one where we also help the developing world do the right things long term without making a mess of their homelands (which we are already doing in large parts by exploiting labour and resources). | |
| |
| Wow! Just seen the price of electricity in Britain on 09:36 - Sep 21 with 623 views | monytowbray |
| Wow! Just seen the price of electricity in Britain on 09:32 - Sep 21 by GlasgowBlue |
If you boycott your energy bill and ignore the red letters and letters from debt collectors, won't they .....
a. Get a CCJ against you and take the money from your wages via an arrestment?
b. Turn your electricity/gas supply off? |
Oh no, not a CCJ! My poor credit rating.
CCJs are toothless. Trust me :) [Post edited 21 Sep 2021 9:36]
| |
| |
| Wow! Just seen the price of electricity in Britain on 09:37 - Sep 21 with 616 views | baxterbasics |
| Wow! Just seen the price of electricity in Britain on 09:32 - Sep 21 by GlasgowBlue |
If you boycott your energy bill and ignore the red letters and letters from debt collectors, won't they .....
a. Get a CCJ against you and take the money from your wages via an arrestment?
b. Turn your electricity/gas supply off? |
Also court appointed bailiffs *can* enter your home with force, am I right legal types? | |
| |
| Wow! Just seen the price of electricity in Britain on 09:37 - Sep 21 with 608 views | monytowbray |
| Wow! Just seen the price of electricity in Britain on 09:37 - Sep 21 by baxterbasics |
Also court appointed bailiffs *can* enter your home with force, am I right legal types? |
Nope. Read. Boycotting your bills is a civil matter, not criminal. [Post edited 21 Sep 2021 9:39]
| |
| |
| Wow! Just seen the price of electricity in Britain on 09:42 - Sep 21 with 589 views | GlasgowBlue |
| Wow! Just seen the price of electricity in Britain on 09:36 - Sep 21 by monytowbray |
Oh no, not a CCJ! My poor credit rating.
CCJs are toothless. Trust me :) [Post edited 21 Sep 2021 9:36]
|
You didn't answer either question.
Can they get the money via a wages arrestment and can they turn off your power supply? | |
| |
| Wow! Just seen the price of electricity in Britain on 09:42 - Sep 21 with 586 views | baxterbasics |
| Wow! Just seen the price of electricity in Britain on 09:37 - Sep 21 by monytowbray |
Nope. Read. Boycotting your bills is a civil matter, not criminal. [Post edited 21 Sep 2021 9:39]
|
I am talking if the energy company files for a CCJ and the ruling of that CCJ is then not honoured.
Was just wondering. No personal experience, thankfully. | |
| |
| Wow! Just seen the price of electricity in Britain on 09:47 - Sep 21 with 571 views | monytowbray |
| Wow! Just seen the price of electricity in Britain on 09:42 - Sep 21 by GlasgowBlue |
You didn't answer either question.
Can they get the money via a wages arrestment and can they turn off your power supply? |
They can if you let them.
I think you’ve been sucker punched by fear. Once the debt collectors buy your debt from the business you owe it to it’s a dispute between them and you. The business have their money and the collectors work on the law of averages and percentages like insurance or a casino.
They will try and scare you and intimidate you with letters, calls and visits occasionally but they are a business and not the law (even if they pretend to be).
It costs them time and money with no guarantees to take you to court again after a CCJ, they usually just carry on trying to scare you with letters.
Oh and they can’t force entry unless you slip up. [Post edited 21 Sep 2021 9:48]
| |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
