As I said Germany currently pays more for energy than we do. They have no price cap. Their forecasted rates are also much higher going through the winter. This is from my German colleagues but a quick google shows that Germany has the highest prices in Europe.
Energy Prices (Strictly NO referrals!)
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Soldato
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On the first point, they promised otherwise. Were they lying?Anyway you can leave the EU politically but remain in the customs union and single market, that is a type of Brexit. Gas is a global market and we are disproportionately reliant on it; have poorly insulated homes and very little gas storage capacity, so we will suffer massively anyway in addition to the economic hit from Brexit.
I mean acting to reassure people and mitigate the effects before the price cap went up again (all our European neighbours acted months ago and this has been effective in the mitigating rising bills, ours have gone up the most by comparison).
Problem is if we had of done that (remained in single market etc) we would have lost our seat at the table, lost our ability to develop the rules and at worst case veto them
It would literally have turned us into the member the liars (such as Farage) made us out to be to dupe the wallies; someone who had to take all the rules France and Germany came up with.
The only positive that can be identified so far from Brexit is that snake oil salesman & perpetual liar has struggled to find himself any public voice. There I found one, a Brexit benefit!!!
Not if you keep it off the market or legislate it cannot be sold on the global market.
There is no need to involve private companies (maybe only as contractors as MKW suggested) other than for the retail side.
Although they have much more gas storage capacity than us and yes they are switching to renewables and LNG at breakneck speed from the US and others. Their homes are better insulated and we in the UK have among the highest gas use in Europe both due to using it for electricity generation and because 85% of our homes use a gas boiler which is higher than our continental neighbours.
I agree it wasn't ideal, but still much better than our current situation. I wanted a confirmatory referendum.
Caporegime
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I would say apart from France who invested in Nuclear. Everyone else is pretty buggered. When Lithuania shut down their Nuclear power station which supplied 70% of the countries electricity (As part of their membership to the EU) their energy prices went up by 30%. Now it is even worse for them as they import 70% of their power and still have nothing planned to replace their NPP.
The base price has increased by 860% according to Bloomberg. The graph is very scary, going almost vertical. The winter is going to be tough in Europe too. https://www.bloomberg.com/news/arti...800-euros-in-latest-inflation-boost#xj4y7vzkg
Did we have the same recovery after December?The base price has increased by 860% according to Bloomberg. The graph is very scary, going almost vertical. The winter is going to be tough in Europe too. https://www.bloomberg.com/news/arti...800-euros-in-latest-inflation-boost#xj4y7vzkg
I'm not disputing that.
I am, but only until February next year. I still feel very fortunate, but I know I am just kicking the can down the road.
That person was very clever to do that.
Read the post, then checked the poster, then it all made sense.
Soldato
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Once one commits the others soon follow.
I can’t see an electric one but there is a gas one. This is obviously diluted by the other sources of energy which haven’t increased in price like wind, nuclear etc.
I think it would be better all round if you weren’t to find out.
Starmer? Lol
I must agree, if you look at decisions made by the Tories in the past - given the current situation, it does'nt look good for them.
I don't know if we have the time - the time for the best solution has long gone, now it seems to be a choice between the least worst one. But yes, renewables/nuclear seems the way to go. The thing is, we're probably 8-10 years away from that being possible.
My guess is that the government will be forced to take Labour's line and freeze or significantly reduce the price cap - to be funded by taxes on energy companies and/or some kind of fund they can dip into (to the tune of 100 billion), which be paid back in the coming decades (on top of Covid expenditure). That will only get us through the winter. After that I have no idea. I imagine the government are hoping things will settle down regarding the war in Ukraine and the Russians restricting the supply of gas, which frankly I think is a vain hope, even the knock-on effects of this are going to be significant . I'm sure we can source gas elsewhere, I just don't think we can do it in time.
I think I've said this before, but look to the 1970's if you want an idea of where we're heading. It could be very grim for a lot of people.
I am.
Took 3 years in October and
My fix ends on September 2024.
E: 22p unit 23p standing
G: 5p unit 24p standing?
Its saving me 1000s. 100s per month from October
I think from October it's saving me 300 a month over winter. Maybe 400 after January And probably 200 over next summer.
Our summer bill on that tariff is 85 a month ish