Soldato
We get shafted for everything in this country.
Best explanation I've seen of how the UK end consumer is getting screwed energy cost wise. Runs rather contrary to what Ed Miliband and Jonathan Brearley of OFGEM have been putting out there. (09:39-13:25)
(Do excuse the pounds not pence error at the beginning)
Price is now about 87p/therm, compared with 62p/therm when this video was made six months ago (the same as it was in 2019).
Still very different from the Ed Miliband statement that the wholesale price for gas is 3x as much as it was prior to the Russian invasion of Ukraine.
It seems he cherry picked a number that sounds believable from some time during the Corona lockdowns.
The fact the market for gas started going wild many months before Russia's invasion of Ukraine in Feb 2022 is another topic, but makes Mr Miliband even more wrong.
Greg (head of Octopus) is also quoting 3x so there must be something in it.
To be fair looking at that graph summer 2020, is within those claims, 2021 looks like it was the start of upward projection which then greatly accelerated in autumn. Shame we dont have pre 2020 data on the graph.Price is now about 87p/therm, compared with 62p/therm when this video was made six months ago (the same as it was in 2019).
Still very different from the Ed Miliband statement that the wholesale price for gas is 3x as much as it was prior to the Russian invasion of Ukraine.
It seems he cherry picked a number that sounds believable from some time during the Corona lockdowns.
The fact the market for gas started going wild many months before Russia's invasion of Ukraine in Feb 2022 is another topic, but makes Mr Miliband even more wrong.
This is why I wanted to see the earlier data points, as the first graph gave no indication if 2020 was the norm or not, often data is truncated to serve a purpose. Thanks.
Yeah all the imported gas and oil shame we don't have vast wind and tidal free energy available. Oh wait..Americans are blaming our issues primarily on the high gas reliance for electric and imports. Which is interesting as we have people here claiming nuclear is almost as expensive as gas, yet it doesnt seem to be the case in countries with a large nuclear supply.
The French nuclear industry is heavily subsidised by taxpayers. They are paying for it one way or another, just not via unit rates.
EDF is fully owned by the French Government.Gotta wonder how much, if any, is being paid by UK bill payers given EDF own/operate dozens of UK windfarms/nuclear plants mind you...
EDF is fully owned by the French Government.
Plus we buy electricity from them most days. I think they’re also building Hinkley Point C.That was my point - EDF own and operate a number of windfarms/nuclear plants in the UK - do the profits from these ventures get used to help their owners, the French Government, subsidise the energy within France.
Yes basically although there may be outside investment in their foreign operations.That was my point - EDF own and operate a number of windfarms/nuclear plants in the UK - do the profits from these ventures get used to help their owners, the French Government, subsidise the energy within France.
Yes basically although there may be outside investment in their foreign operations.
Love an easily digestible YT video made. Makes me switch my brain off and follow the leader.The UK really did just **** everything away to foreign countries, didn't it... It was the same with the railways:
(a little out of date as Scotrail is publicly owned now)