The whole energy crisis thing

alistair

It’s Andy Carroll I feel sorry for. Bless him!

IndustryStandard

alistair well he may not have to heat his home this winter. Every cloud etc etc

IndustryStandard

Not sure how we can be held this much to ransom by wholesale prices when accordng to this we are nearly at 50% renewables vs total consumption

https://www.nationalgrid.com/stories/energy-explained/how-much-uks-energy-renewable#:~:text=Breaking%20records%3A%20The%20UK's%20renewable%20energy%20in%20numbers&text=In%202020%20renewables%20accounted%20for,time%20in%20the%20nation's%20history.

Plus where have all the grants gone for solar and wind power? I live in the country and the wind down here is mental. Stick a turbine in the back garden and solar and we’d be away ……..

Along_the_Wire

IndustryStandard The 50% is still enormous. I’d imagine the renewable wholesalers are getting the slice of the action too - when in Rome and all that. Cunts.

Heno

Smallman1 hence roofgate

Old-Dutch

You will own nothing and be happy

Morty-C-137

Turn off the fucking news. Saves you a lot of energy. Mentally that is.

Mad_Cyril

Old-Dutch It’s not just hoisehold prices that will be affected

Is that just the Irish ones?

Seems unfair

NasserAlazzawi

Mad_Cyril I have it on good authority that its the hooseholds, too

ScottBailey

It’s the OAP’s who’ve suffered pension shortfalls that I feel sorry for. Put into the system all their life and had the carpet pulled from beneath them when they need it the most.

On the other hand, these professional wellfair parents who have got 6 kids and another on the way, sucking from the system because it pays better than a real job, constantly make bad decisions and choices in life, who didn’t want to live within their means from the beginning…not so much.

Along_the_Wire

ScottBailey On the other hand, these professional wellfair parents who have got 6 kids and another on the way, sucking from the system because it pays better than a real job, constantly make bad decisions and choices in life, who didn’t want to live within their means from the beginning…not so much.

Here we fucking go, LOL

Unbroken1

ScottBailey On the other hand, these professional wellfair parents who have got 6 kids and another on the way, sucking from the system because it pays better than a real job, constantly make bad decisions and choices in life, who didn’t want to live within their means from the beginning…not so much.

…fucking hell Scott, you really think in the grand scheme of things they are the problem!?

Wally

Scott’s been at the daily mail again.

ScottBailey

Wally to be fair it’s got a decent gossip column 😅

Jules72

Given how many energy providers in the U.K. have been going bust it’s clearly not them that are creaming off profits - they’re buying energy at stratospheric prices and selling it to consumers here at the price cap, which in many cases isn’t profitable… so they go bust.

Any companies that own oil and gas fields are the ones that are profiting … or the countries that export energy (and tax those exports) - Russia particularly … do British Gas own any natural gas fields? Don’t think so and so they’re unlikely to be profiteering…

alistair

Jules72 its sovereign wealth funds that are cashing in, waging war and buying football clubs, often at the same time.

Along_the_Wire

Jules72 Look at the cost of gas and oil and look at the profits of BP, Exxon et all. This is fairy tale version of inflation. There needs to be a major intervention - raising the cap? Jesus fucking wept.

Jules72

alistair cashing in on what? They’re invested in global financial markets, which are doing crap right now…they do collect in funds from energy export proceeds but they’re assets are being hosed right now… net net their returns will be badly negative right now

alistair

Jules72 it’s pretty clear which sovereign wealth funds I am referring to. The clue is in “wage war and buy football clubs”

ScottBailey

Unbroken1 Nope. Wasn’t laying blame for the cost of energy at their door. It’s gross what the energy companies are doing, and the problem lays squarely with them. Personally I think we should’ve gone full tilt with expanding nuclear energy many moons ago, but the amount of red tape, political toing and froing, and “no to nuclear” protesting that’s dragged places like Hinkley Point into the quagmire has been painful to watch.

I was just pointing out where my sympathy lies more as a result of the above.

Wally

Utilities companys should be nationalised. They fail at the first hurdle of free market economics in that different providers cannot offer different levels of service. Can provider A pump electricity into my house more efficiently than provider B? Nope. Can they provide a higher quality electicity? Nope. Can I live without electricity? Nope. I’m sure it’s classified as a need, not a want in various places which it should be.

It makes the whole enterprise a cartel between providers where they can keep one upping on the price because….. why not…. Others will bump thier prices in tandem and the customer has no where to go.

Nationalise the lot.

ScottBailey

Wally Think I’m in agreeance with this. Just look at the rail network as an example. Privatisation was supposed to save it from ruin, but instead it’s turned into an utter shit show! Didn’t stop the prices skyrocketing in the process either.

Jules72

Wally It makes the whole enterprise a cartel between providers where they can keep one upping on the price because….. why not…. Others will bump thier prices in tandem and the customer has no where to go.

“Because…why not?”…. how does that work then?

Nationalising energy providers wouldn’t help right now because the issue is high prices of energy (nat gas, oil, coal) at source.

Dry-Tinder

The one thing that no one seems to talk about is how it will affect the housing market. People won’t be able to borrow as much as they used to, so, I would expect this to affect property values in the future.

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