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 Energy costs set to increase by 54% |
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 Aug 31 2022, 09:05 AM
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#181
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 Queen of Soon
Joined: 24 May 2007
Posts: 74,072 User: 3,474 
      
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That’s the closest I’ve seen from vdL. Talked a lot about using the Baltic Sea as a Wind Generator that can feed multiple countries via multiple onshore connection points |
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Sep 1 2022, 12:24 AM
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#182
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 BuzzJack Idol
Joined: 29 June 2006
Posts: 128,408 User: 845
 
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The cost is just crazy at the moment and extremely worrying as the rates are going up and up quicker and quicker every couple months. It just has to be capped.
Small business are getting crucified by it aswell and lots are going to lose jobs as a result. Extremely worrying times. |
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Sep 1 2022, 11:34 AM
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#183
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BuzzJack Gold Member
Joined: 21 February 2021
Posts: 3,543 User: 124,514
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Not agreeing with everything Owen Jones is posting recently but this from an article about our soon-to-be PM Truss drilling for gas and oil is perfection https://www.theguardian.com/commentisfree/2...-climate-crisis
It is undoubtedly that the ideological predilections of the Tory right are prioritised above the Earth’s survival, energy independence and people’s livelihoods. Renewables are indelibly culturally associated with dangerous lefty nonsense, while gas and oil somehow represent macho British tradition. That the case for renewables is based both on pragmatic economics and incontrovertible scientific facts is irrelevant. It is hard not to conclude, too, that an addiction to waging eternal culture war is at play. Much of the behaviour of the modern right is driven by a desire to offend their opponents; like announcing they have passed wind, they want you to be aware of and disgusted by their actions. The fact that so many people want to destroy the planet just because preservation is seen as "woke" and giving into the lefties is true although shocking. Especially as so many of them have children too. This post has been edited by Smint: Sep 1 2022, 11:36 AM |
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Sep 1 2022, 06:05 PM
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#184
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 🔥🚀🔥
Joined: 30 August 2010
Posts: 74,536 User: 11,746
           
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Boris has just solved the energy crisis y’all!!1!
all you have to do apparently is buy a new kettle for £20 then you’ll make a saving of £10 per year in energy bills |
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Sep 1 2022, 06:21 PM
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#185
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Buffy/Charmed
Joined: 18 April 2013
Posts: 44,030 User: 18,639
     
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QUOTE(cider man @ Aug 30 2022, 07:38 AM)  Yes thanks. Sad that Boris was forced out though.  No doubt you're looking forward to Labour winning the next election. I concede now that it is likely.  What is the best part, less money for the nhs, the cost of living crisis, Blojo getting kicked out due to incompetence and a callous disregard of normal people not in the landed gèntry, raw sewage in the water, or the energy crisis? Lol x |
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Sep 1 2022, 06:42 PM
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#186
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 BuzzJack Legend
Joined: 13 April 2007
Posts: 36,653 User: 3,272
  
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QUOTE(Daan @ Sep 1 2022, 07:05 PM) Boris has just solved the energy crisis y’all!!1! all you have to do apparently is buy a new kettle for £20 then you’ll make a saving of £10 per year in energy bills He really couldn't make it any more obvious that he doesn't give a stuff. |
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Sep 3 2022, 02:22 PM
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#187
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 Break the tension
Joined: 7 March 2006
Posts: 88,876 User: 51
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Seriously, that is almost on the same level as the time his American counterpart suggested injecting yourself with bleach to treat COVID. I still can't believe it.
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Sep 6 2022, 03:27 PM
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#188
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Buffy/Charmed
Joined: 18 April 2013
Posts: 44,030 User: 18,639
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Apparently, Russia state tv has been broadcasting the clip!!!!
 Talk about an own goal, ToryTV and Tory Shofield and Willghouny!!! I guess they should have taken selfies with Cirbyn instead
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Sep 6 2022, 06:19 PM
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#189
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BuzzJack Platinum Member
Joined: 21 November 2009
Posts: 8,541 User: 10,030
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So rumours are that the government are going to "cut" energy prices by placing the cap at £2,500 (a rise of over £500, not really a cut) for an extended period of time, spending somewhere between £100-£150 billion. This money is going to be given to energy companies as loans which will then get payed back via consumers by adding extra costs to energy over a 15-20 year period.
Ridiculous. Spending huge amounts of money to line the pockets of energy companies at the expense of tax payers. |
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Sep 6 2022, 08:56 PM
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#190
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Shakin Stevens
Joined: 29 December 2007
Posts: 46,140 User: 5,138
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Indeed, capitalists helping capitalists as usual!
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Sep 6 2022, 09:01 PM
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#191
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 WINTER IS COMING
Joined: 7 March 2006
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QUOTE(Envoirment @ Sep 6 2022, 07:19 PM) So rumours are that the government are going to "cut" energy prices by placing the cap at £2,500 (a rise of over £500, not really a cut) for an extended period of time, spending somewhere between £100-£150 billion. This money is going to be given to energy companies as loans which will then get payed back via consumers by adding extra costs to energy over a 15-20 year period. Ridiculous. Spending huge amounts of money to line the pockets of energy companies at the expense of tax payers. I'd wait for the details before we make an assumption - the spin doctors are masters of this and are leaking stuff to gage public opinion. Personally I feel this is needed, but also a huge mess as we are gambling that the cost of energy decreases. What happens if it increases? Seems an emormous burden on the tax payer. For the record, before anyone calls me a raging capitalist, I don't agree with the current idea being floated about. |
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Sep 8 2022, 12:25 PM
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#192
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 I'm a paragon so don't perceive me
Joined: 3 February 2011
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Yeah so this £2500 price cap thing is horrific and will only be seen as acceptable because we've had months of headlines screaming about £3000, £4000, £5000, £8000*, limitless, precisely so when this comes in, it doesn't seem too bad. Still way more than average energy prices in past years, it will break the banks of the worst-off, because £200 a month is quite a lot when you're already cash-strapped.
The worst thing about it is how it's being paid for, in terms of taxes down the road. Now of course that's what all borrowing is and it can be a good long-term economic strategy... if it's to promote investment. This doesn't do that, this moves back our reliance on traditional energy sources and does little to invest in green/nuclear (particularly with the fracking ban lifted at the same time). Basically, this is emergency taxing that will make people pay more in the long-run without attributing it to this crisis, quite possibly not under a Tory government. Convenient for them. Worst is of course that Truss is deliberately choosing to not utilise a windfall tax which would alleviate some of the future financial pressure off the backs of the people. But of course she wouldn't do that. *using average price payments always gets people confused, I bet there will be people legitimately thinking that the government has sorted it so that their energy bills literally can't go over £2500 now |
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Sep 8 2022, 08:19 PM
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#193
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BuzzJack Platinum Member
Joined: 3 August 2006
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Once again, the Tories are protecting the energy firms by choosing not to push for a windfall tax and instead borrowing from public funds. £2500 is still a considerable hike on where bills were 12-18 months ago and many on low incomes will inevitably be faced with dire choices this winter.
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Sep 9 2022, 09:34 PM
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#194
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BuzzJack Platinum Member
Joined: 3 August 2006
Posts: 8,209 User: 1,031
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Well the EU is looking at clawing back excess profits via a windfall tax from energy companies so this really shows up the UK’s position by failing to put consumers first rather than energy firms.
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Sep 9 2022, 10:00 PM
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#195
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#38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
 
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QUOTE(Izzy 💀☄ @ Sep 8 2022, 01:25 PM) Yeah so this £2500 price cap thing is horrific and will only be seen as acceptable because we've had months of headlines screaming about £3000, £4000, £5000, £8000*, limitless, precisely so when this comes in, it doesn't seem too bad. Still way more than average energy prices in past years, it will break the banks of the worst-off, because £200 a month is quite a lot when you're already cash-strapped. The worst thing about it is how it's being paid for, in terms of taxes down the road. Now of course that's what all borrowing is and it can be a good long-term economic strategy... if it's to promote investment. This doesn't do that, this moves back our reliance on traditional energy sources and does little to invest in green/nuclear (particularly with the fracking ban lifted at the same time). Basically, this is emergency taxing that will make people pay more in the long-run without attributing it to this crisis, quite possibly not under a Tory government. Convenient for them. Worst is of course that Truss is deliberately choosing to not utilise a windfall tax which would alleviate some of the future financial pressure off the backs of the people. But of course she wouldn't do that. *using average price payments always gets people confused, I bet there will be people legitimately thinking that the government has sorted it so that their energy bills literally can't go over £2500 now Yes, overshadowed by recent events - but I totally agree Iz, the that way the narrative has shifted on this is quite remarkable. Notable also that Truss worked for sHELL between 1996 and 2000. It's also worth stating that the est. obscene profits of ~£170bn that energy companies in the oil and gas industry are expected to make haven't been as a result of innovation or investment, much of it has been created indirectly as a consequence of Putin weaponising the energy market in Europe (on which many European nations are highly reliant upon) to counterbalance his stalling military assault on a soverign nation. Unfortunately Putin's strategy is likely to be quite effective due to a combination of our changing climate and bad luck, for example the drought in Europe has meant that France's nuclear capacity has fallen with lower water/river levels to cool nuclear reactors, and similarly Norway's hydroelectricity capacity for the same reason has also been reduced... so the UK has actually been a net EXPORTER of energy this summer which is quite rare. Anyway, there was one occasion where London had to pay nearly £10K/MWh to narrowly dodge a blackout. Expect more of that.. and if there are load shedding events to come this winter, let's hope the National Grid are less incompetent than they were in 2019 when an offshore wind farm suddenly dropped off the grid: https://www.bbc.co.uk/news/uk-49302996 Furthermore, we were told in 2010 that a national debt-to-GDP ratio of 60% was a crisis that required a dramatic austerity programme to 'balance the books' - which incidentally made the lives of many people, those who need the greatest support in our society, thoroughly miserable for the best part of a decade.. and yet it now stands at 100% and 'oh, it's fine - don't worry, we can just write a blank cheque of £150bn to the esurient energy companies.' It's thin gruel. |
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Oct 24 2022, 03:37 PM
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#196
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#38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
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Worth mentioning that a combination of unseasonably mild weather in Europe (20-25C across France this week) and increasing LPG coming on-stream has led to future gas prices falling considerably.. good news for energy prices/inflation in the long term going in to the winter and 2023.
Bad news for Putin, losing the only leverage he has over the west (now nobody is buying his nuclear threat). |
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Oct 25 2022, 07:51 AM
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#197
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Queen of Soon
Joined: 24 May 2007
Posts: 74,072 User: 3,474
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It’s warm right across the board, we’re on 20 as far north/east as Berlin. Normally this would set alarm bells ringing for the climate, as it should, but this year in particular I think many are really hoping for a warm winter
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Oct 27 2022, 11:59 AM
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#198
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#38BBE0 otherwise known as 'sky blue'
Joined: 27 October 2008
Posts: 16,170 User: 7,561
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The weather firmly sticking two fingers up at Putin today, widely 23-25C across France, and highs of 20-21 C expected in London today.
  
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Oct 27 2022, 01:01 PM
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#199
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BuzzJack Enthusiast
Joined: 22 September 2022
Posts: 801 User: 159,650
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Shell have announced record profits again at a time when the Tory government may well be looking at imposing further austerity measures and tax rises for the general public. This was a mess they created in terms of the black hole and once again the public are being expected to foot the bill rather than the companies who are part of the problem.
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Oct 27 2022, 08:27 PM
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#200
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BuzzJack Platinum Member
Joined: 21 November 2009
Posts: 8,541 User: 10,030
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QUOTE(Doctor Blind @ Oct 27 2022, 12:59 PM) The weather firmly sticking two fingers up at Putin today, widely 23-25C across France, and highs of 20-21 C expected in London today. We've been quite lucky. Most long range weather/climate models are predicting a warmer than average rest of the autumn/winter period for most of Europe. Not that there won't be any cold snaps, but for the most part it'll likely be above average. This post has been edited by Envoirment: Oct 27 2022, 08:28 PM |
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