| Energy bills 12:48 - Sep 6 with 2393 views | nodge_blue |
If they get frozen at the current level, the govt borrows 80 billion to do that, what happens next Winter when Russia still hasn't turned on the gas?
Will we get Gas from other sources at a cheaper rate because we've been able to negotiate for them in advance - rather than they've already been promised to other countries for this Winter?
If not and we are faced with another 80 billion next Winter then its clearly not sustainable.
And what a huge amount of money used not on schools, hospitals etc - just literally going up in hot air.
I don't think theres much choice but its all so sad and maddening that we and other countries are having to now waste money because of Putin and his war. |  |
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| Energy bills on 17:40 - Sep 6 with 428 views | You_Bloo_Right |
| Energy bills on 16:45 - Sep 6 by SuperKieranMcKenna |
You obviously didn’t read any of the rest, so for your benefit:
“Yes because those countries had government intervention to limit the price rises. Which we now have. Germany have just spent a further $100bn on capping bills.
As per usual our government is late to the party.
”
See also Steve’s post, Germany still generate 30pc of power from coal, we could do that too if you like?
Edit: the supply situation is so dire in Germany, they are anticipating rationing power to businesses in the winter. It’s just been reported that JP Morgan for example have plans to move work to the UK if that transpires. [Post edited 6 Sep 2022 16:48]
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The rest? I hadn't read any of the reuters report, I was merely reacting to your post. Serves me right for coming into the film half way through I guess. |  |
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| Energy bills on 18:29 - Sep 6 with 384 views | factual_blue |
| Energy bills on 16:39 - Sep 6 by Steve_M |
On the larger point, next year could be bad too but the decoupling from Russian gas will be a lasting benefit to Europe. I think energy prices will be permanently higher than in early 2021 but are likely to stabilise well below current levels. Russia then has a problem because the gas infrastructure is built for transmission to Europe and the geography isn't favourable to suddenly build new pipelines from Northern Siberia to China.
I think the EU will also co-ordinate energy policy even more supranationally which will reduce some of the current fear factor that is helping to push up prices. The UK has a choice to be involved with that, and generally closer co-operation with the EU, which benefits all of Europe including us or not.
On a national level there needs to be far more emphasis on energy efficiency, basic education on which appliances use most in normal use - ovens and heating unfortunately but lighting and even things like electric blankets are cheap, kettles and microwaves are too as not used for long periods - but also on insulation which the Tories foolishly decided to stop funding a decade ago. |
I can see a series of mysterious accidents befalling any pipeline from Siberia to China..... |  |
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| Energy bills on 18:37 - Sep 6 with 378 views | Ryorry |
| Energy bills on 16:52 - Sep 6 by Steve_M |
I didn't actually refute the point that irritated me most about that meme: the idea that this is just profiteering by UK energy suppliers. It really isn't.
A couple of things that should be looked at though:
- the margin supply businesses are making under the cap, presumably a percentage so that has increased;
- those UK based producers who have made larger profits, the problem here might be that this disadvantages them against competitors globally which is where an co-ordinated EU approach would help;
Trying to decouple power prices from gas would help too but that's a fairly major market change. |
I believe the author of the tweet was referring to the conclusions drawn by last night's Panorama programme (which I haven't yet seen, but intend to on catchup), rather than it being his/her own conclusion. Plenty of other people said the same having watched the show, albeit without those particular figures. |  |
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| Energy bills on 18:40 - Sep 6 with 371 views | Ryorry |
| Energy bills on 18:29 - Sep 6 by factual_blue |
I can see a series of mysterious accidents befalling any pipeline from Siberia to China..... |
Incidental but awful sidetrack - just heard on news that people in one Chinese province badly hit by an earthquake earlier today, were forcibly prevented from leaving because of China's stringent Covid policy. | |
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| Energy bills on 19:19 - Sep 6 with 326 views | Steve_M |
| Energy bills on 18:40 - Sep 6 by Ryorry |
Incidental but awful sidetrack - just heard on news that people in one Chinese province badly hit by an earthquake earlier today, were forcibly prevented from leaving because of China's stringent Covid policy. |
China’s zero covid policy is failing badly at the moment, there are cases in multiple provinces and the only response is to try and shut them all down. |  |
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| Energy bills on 21:59 - Sep 6 with 295 views | Ryorry |
| Energy bills on 17:28 - Sep 6 by Radlett_blue |
Germany is actually far more dependent on Russian gas after it listened to the Green lobby in the 1970s & 1980s & chose to phase out nuclear power generation. Merkel opposed this, but lost her nerve after Fukushima. North Sea gas fields have become depleted, with Russia filling the gap. LNG could replace Russian imports, but this would require large infrastructure investment. Renewables sound great, but again require a large investment in storage infrastructure to handle the intermittence of supply. |
Nothing intermittent about wavepower, if we'd invested in that instead of ffs (! convenient double meaning) 30 years ago - we're naturally better 'resourced' in that than Germany, & were leading the tech innovation in the 90s. | |
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| Energy bills on 22:10 - Sep 6 with 287 views | Swansea_Blue |
| Energy bills on 15:36 - Sep 6 by bluelagos |
5Bn was as/when Richi did the £400 discount a few months back. Am sure the profits will be significantly higher now given the forecast bills / prices are so much higher. Confident there is plenty of opportunity to raise a lot more towards the much needed help for consumers/small business. |
The rate still applies, so will raise more as profits rise. It carries on until prices return to ‘normal’ or end-2025, whichever is first.
Still pissing in the wind though - they can only target generation in UK territory (N Sea basically). Plus as the tax rate rises, companies will be less likely to invest and we may have to import more.
But of a mess innit. Let’s hope sustainable energy security gets a bit more attention in the future, but I’m not holding my breath on that. |  |
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