KZNSeagull
Well-known member
BBC News: Wholesale Gas price is now 13 times higher than it was 1 year ago.
We need to open up new North Sea gas fields pdq!
We need to open up new North Sea gas fields pdq!
Got something to say or just want fewer pesky ads? Join us... 😊
[News] The Energy crisis
- Thread starter TomandJerry
- Start date
deletebeepbeepbeep
Well-known member
- May 12, 2009
- 21,900
Doesn't matter how well insulated your home is or how little heating you use, it is the standing charges that will get you regardless.
Machiavelli
Well-known member
We need to ramp up renewables. Switch away from petrochemicals. Invest in alternatives.
bluenitsuj
Listen to me!!!
Can someone explain the point of a price cap?
KZNSeagull
Well-known member
Long term yes, short term we have to have our own independent gas supply to tide us over until we can switch away from petrochemicals.
Not sure if it’s been mentioned before but I don’t think it’s right that electricity produced by green methods is priced the same as oil/gas/coal produced electricity.
We are with Octopus who are 100% green. Surely an incentive to move to green energy is to make it cheaper?
We are with Octopus who are 100% green. Surely an incentive to move to green energy is to make it cheaper?
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,063
simple market arbitrage. at first the price of "green energy" might be lower, so there's more demand. as demand for that energy increases the price rises until it reaches the market price.
this does mean that the green energy producers should be making large profits if their cost base is lower and market prices stay high.
zamora the merrier
Well-known member
- Mar 1, 2009
- 1,669
Unfortunately green energy is more expensive for now. The investment required to build offshore wind farms solar farms is immense and therefore those investment costs get bundled into the green energy prices. Longer term it will improve doesn’t help now
Fair enough but why should the price of renewable energy be fixed to the price of non-renewables?
nicko31
Well-known member
Interesting debate, credit to the guy for tapping into a difference audience
https://www.youtube.com/watch?v=uQ9tXulaFGM
https://www.youtube.com/watch?v=uQ9tXulaFGM
pb21
Well-known member
- Apr 23, 2010
- 6,717
That blokes knows his onions doesn't he, and I don't mean the ill informed demagogue. All Farage could come back with was "I just feel that we need to have a debate about this", not entirely sure if he was being ironic or not.
Brian Fantana
Well-known member
I've had an email from EON today proposing to increase my direct debit to about £250/month for gas alone from April 1st.
One reason why I have not got a Smart Meter. On 31st March I'll be submitting some gas + electricity readings, and perhaps adding on a bit for some 'advanced' buying
Seasider78
Well-known member
- Nov 14, 2004
- 6,023
Just again highlights what is possible if we invested the money in the right people and technology to progress renewables.
The ridiculous part of this is the vision of a British led, self sustainable home energy market (that was proposed to Farage) plays into exactly the sort of picture of ‘taking back control’ him and Boris like to paint yet we will still keep chucking billions at the overseas fossil fuel industry
Arthur
Well-known member
One reason why I have not got a Smart Meter. On 31st March I'll be submitting some gas + electricity readings, and perhaps adding on a bit for some 'advanced' buying
What difference does having a smart metre make? Won't you still have to fork out for whatever you used the next time you give them a reading?
- Jul 10, 2003
- 27,946
I believe he is giving false readings that are high prior to the increase, so he is effectively 'stockpiling' energy (on a very small scale) at the cheaper price
nwgull
Well-known member
Impressive bloke. Bit of a fact check though: We don't spend £120b every year on nuclear legacy; it's actually a mere £3b. And most of this is from stuff built in the 1950s-1970s that was constructed with very little thought given at the time to future decommissioning.
nicko31
Well-known member
We do need to "take back control" and remove ourselves from reliance on the world wide price of energy. As things stand the like of Shell (the worlds biggest privately own gas producer) has us by the short and curlies, we just have to pay the market price but in our own north sea nothing has change
Renewables these days get very little subsides, yet we are still giving them to fossil fuels. We need use the current situation to implement positive change
Arthur
Well-known member
Ahhh gotcha.....makes sense now.