Energy Prices (Strictly NO referrals!)

Minusorange · 17 Jul 2022 at 16:08

https://twitter.com/i/web/status/1548580700831506433

It's sad because it's true

delta0 · 17 Jul 2022 at 16:18

Minusorange said:
https://twitter.com/i/web/status/1548580700831506433

It's sad because it's true

It will be an absolute disaster for Germany is the gas is turned off.

413x · 17 Jul 2022 at 17:48

Got a full month's bill. In summer paying 80ppm.
So that's going to rise to about 120 when add central heating in winter..

We don't even use that much.

Will look at solar for sure if prices are still high in 2 years

413x · 17 Jul 2022 at 17:51

delta0 said:
It will be an absolute disaster for Germany is the gas is turned off.

It really will. You can forget a little recession. Who businesses will be cut off from using gas.

Jokester · 17 Jul 2022 at 17:57

They’ll be buying gas from the same people we are buying gas from, though hopefully our suppliers have got their contracts sorted for this winter and Germany will be fighting over the scraps that are left.

413x · 17 Jul 2022 at 18:03

Jokester said:
They’ll be buying gas from the same people we are buying gas from, though hopefully our suppliers have got their contracts sorted for this winter and Germany will be fighting over the scraps that are left.

Yeah no idea how much our suppliers have "secured" and for how long.

Minusorange · 17 Jul 2022 at 18:11

Jokester said:
They’ll be buying gas from the same people we are buying gas from, though hopefully our suppliers have got their contracts sorted for this winter and Germany will be fighting over the scraps that are left.

We'll still be paying whatever the market rate is though thanks to Germany and other nations reliant on Russian gas, so while we'll be fine for supply, we'll still be the same as everyone when it comes to the cost of it all

jpaul · 17 Jul 2022 at 18:18

As has already been said - EEA (de, belgium, netherlands ...) will have first dibs on the Norway gas, friends first, in emergency.

smilertoo · 17 Jul 2022 at 18:21

Why doesnt the gov just grab the north sea gas at a set price instead of allowing it to be sold off.

delta0 · 17 Jul 2022 at 18:28

UK already announced it would turn off the gas supply into Europe if the Russian crisis deepens https://www.ft.com/content/175ef927-efa2-439e-8ede-1dfc7edd23a6

Uther · 17 Jul 2022 at 18:39

413x said:
Got a full month's bill. In summer paying 80ppm.
So that's going to rise to about 120 when add central heating in winter..

We don't even use that much.

Will look at solar for sure if prices are still high in 2 years

Ours is set at £125 every month, which should even out over 12 months. We're well in credit currently and the £400 in the Autumn will only increase that credit. I don't mind it building up a bit tbh to take the sting out if prices are still stupid in 2024.

LabR@t · 17 Jul 2022 at 18:48

Power rationing will likely happen this winter. Be prepared.

Going to be easy to switch those smart meters off of you are non vulnerable

LabR@t · 17 Jul 2022 at 18:49

delta0 said:
UK already announced it would turn off the gas supply into Europe if the Russian crisis deepens https://www.ft.com/content/175ef927-efa2-439e-8ede-1dfc7edd23a6

Pay wall can you copy and paste the gist of it

413x · 17 Jul 2022 at 18:51

Uther said:
Ours is set at £125 every month, which should even out over 12 months. We're well in credit currently and the £400 in the Autumn will only increase that credit. I don't mind it building up a bit tbh to take the sting out if prices are still stupid in 2024.

600 in credit! Still haven't got round to phoning up to get it!

delta0 · 17 Jul 2022 at 19:00

LabR@t said:
Pay wall can you copy and paste the gist of it

None paywalled link https://amp.theguardian.com/busines...land-europe-if-hit-by-shortages-national-grid

In an extreme case there is a shortage it would be done but not expected to be needed.

jpaul · 17 Jul 2022 at 22:29

LOL - we import much more gas fron Norway than we export who didn't know ... savaged by a dead sheep expression comes to mind

meanwhile July22 seemed interesting

The 200 MW Holland Hydrogen I electrolysis plant will be constructed on the Tweede Maasvlakte in the port of Rotterdam, the Netherlands, and will produce up to 60,000 kilograms of renewable hydrogen per day, Shell said.

The hydrogen production will be powered with electricity coming from the 759 MW Hollandse Kust Noord offshore wind farm, which is being developed by the CrossWind consortium of Shell and Eneco and is scheduled to be put into operation next year.

The hydrogen is planned to be transported through the HyTransPort pipeline, which will form a part of the Netherlands hydrogen infrastructure, with a length of about 40 kilometres that will run from the plant to Shell’s Energy and Chemicals Park Rotterdam, where it will replace some of the grey hydrogen usage in the refinery.

This could partially decarbonise the facility’s production of energy products like petrol, diesel, and jet fuel. As heavy-duty trucks are coming to market and refuelling networks grow, renewable hydrogen supply can also be directed toward these to help in decarbonising commercial road transport, Shell said.

8 or so kg of hydrogen in a car is 300miles range.
can the uk match these infrastructure investments

delta0 · 17 Jul 2022 at 22:54

jpaul said:
LOL - we import much more gas fron Norway than we export who didn't know ... savaged by a dead sheep expression comes to mind

meanwhile July22 seemed interesting

8 or so kg of hydrogen in a car is 300miles range.
can the uk match these infrastructure investments

Should update that to 2022. UK has dialled up the exports into Europe to reduce the impact from Russia. They are pulling huge amounts of gas out at the moment. Earlier this month it was reported the amount of exports of everything from the UK into Europe was the highest it has ever been, gas was a big contributor.

chrcoluk · 18 Jul 2022 at 03:41

theone8181 said:
That's why paying the exact amount is a bad idea for the majority of people. I bet if she did, she'd be in even more debt come winter.

Except this debit balance has clearly been over a period of time as her debit balance is way higher than the sum of that single bill.

The video didnt show what her DD was set to or her actual usage, so is a lot of unknowns, the screen showed the bills that had been issued and the current debit balance (it didnt show if they were estimated or actual readings, but she disclosed the most recent was estimated).

chrcoluk · 18 Jul 2022 at 03:47

b0rn2sk8 said:
Because generally people get paid the same amount each month and have less than £500 in their bank accounts. Therefore having bills that fluctuate from next to nothing in summer to rather a lot in winter generally isn’t that helpful when you are not sat on a big cash buffer. Paying the same amount via by DD each month is that person budgeting.

This relies on the amount been reasonable for the usage though, Ofgem itself has admitted there is problems in this area and even to the point they have threatened to issue fines, the software used to calculate these DD amounts also seems flawed as it cant adapt to people who dont fit in the norm usage patterns.

Freakbro · 18 Jul 2022 at 06:09

delta0 said:
Should update that to 2022. UK has dialled up the exports into Europe to reduce the impact from Russia. They are pulling huge amounts of gas out at the moment. Earlier this month it was reported the amount of exports of everything from the UK into Europe was the highest it has ever been, gas was a big contributor.

Wasnt that to do with LNG? We have lots of LNG terminals compared to other countries in the EU, but no storage. So we're importing in loads but no-where to put it, so the gas power stations and export pipes are at full bore.