Energy Prices (Strictly NO referrals!)

Jono8 said:
www.bbc.co.uk

BP scales back climate targets as profits hit record

It is the latest energy giant to report record annual profits after oil and gas prices soared last year.
www.bbc.co.uk

Yep, so basically, we are all being taken for a ride whilst all the big fuel companies make double, triple, greatest ever profits.

It isn't inflation. It is legalised theft.

Capitalism has failed.
Click to expand...
Yet they lost more on backing out of Russia. Don’t read headline numbers. Read the full results
 
jpaul said:
guardian report- 200MW energy saving were a drop in the ocean, when they were firing up gas turbines at £6000/MWh to meet shortfalls.



Rye is 700MWh apparently.
Click to expand...

This is specifically why the savings sessions are good.
These energy suppliers of last resort were the ones who bid the highest on supply rates and as such get used infrequently, but make $$$$ when they do get used.

IMO paying individuals close to that to reduce consumption is way better than just paying these profiteering suppliers.

We need more elec suppliers on board to the schemes, or to encourage people who would do their bit to move to Octopus
 
Jono8 said:
Biggest profit in 114-year history
Click to expand...
similar to shell though less than 10% from UK extraction.

--

yes governent announced early jan new cap will be £3K ie £500 more, but obviously no £69/m for the squeezed middle,
not sure what help will be given to older retired/pensioner relatives, not on benefits(where the £400 is helping from April)

The energy sessions need to have guaranteed outcome before they could be deployed in anger - if you've had to pre-warm up the coal station or gas turbine generator as a contingency,
their is additional expense already incurred.
 
jpaul said:
similar to shell though less than 10% from UK extraction.

--

yes governent announced early jan new cap will be £3K ie £500 more, but obviously no £69/m for the squeezed middle,
not sure what help will be given to older retired/pensioner relatives, not on benefits(where the £400 is helping from April)

The energy sessions need to have guaranteed outcome before they could be deployed in anger - if you've had to pre-warm up the coal station or gas turbine generator as a contingency,
their is additional expense already incurred.
Click to expand...

I don't give a **** that about the UK percentage. Inflation is worldwide. Worldwide greed by the already mega rich.
 
Jono8 said:
www.bbc.co.uk

BP scales back climate targets as profits hit record

It is the latest energy giant to report record annual profits after oil and gas prices soared last year.
www.bbc.co.uk

Yep, so basically, we are all being taken for a ride whilst all the big fuel companies make double, triple, greatest ever profits.

It isn't inflation. It is legalised theft.

Capitalism has failed.
Click to expand...
Most of the profit was made overseas. The dividends will go to large investors many of whom will be UK pension funds. Surely we should be happy that BP is making profit that the UK benefits from. The momey can be invested in UK energy production for instance.
 
PlacidCasual said:
Most of the profit was made overseas. The dividends will go to large investors many of whom will be UK pension funds. Surely we should be happy that BP is making profit that the UK benefits from. The momey can be invested in UK energy production for instance.
Click to expand...
Nah they made all their money selling fuel in the UK

1.25b dollars to be paid to uk as tax too
 
Last edited:
PlacidCasual said:
Most of the profit was made overseas. The dividends will go to large investors many of whom will be UK pension funds. Surely we should be happy that BP is making profit that the UK benefits from. The momey can be invested in UK energy production for instance.
Click to expand...

So some people get a few quid more on their pension whilst paying hundreds /thousands more to fuel their car and heat their house...

Brilliant.

Many of those "large investors" will again be the already mega rich who will skim the cream and add it to their already very large fridge full.
 
Last edited:
Jono8 said:
So someone gets a few quid more on their pension whilst paying hundreds /thousands more to fuel their car and heat their house...

Brilliant.

Many of those "large investors" will again be the already mega rich who will skim the cream and add it to their already very large fridge full.
Click to expand...
Daily mail is strong.
 
Just find it odd when they aren’t a utility company. It’s a global set price. And demand exists so someone has to supply. We banned ourselves from buying Russian hydrocarbons and so prices rose. Those upset with the prices are probably raging about the war too but can’t have cake and eat it.

Work in the industry / educated in the industry. Indeed.

Again 2020 huge loss. No bailouts required but quickly forgotten now
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom