Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
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Soldato
I run a small community Centre which is a charity and our gas rate runs out in October, we have been offered 32p/kw from British Gas! Looks like we are going to be very cold as we cant afford that.
Permabanned
Apparently it supply and demand so it’s perfectly acceptable to profiteer and nothing we can do but accept it.
Permabanned
If you have damp it’s because you don’t have enough air flow or a water leak of some kind.
Soldato
Apologies if this has already been posted.... 
This is really proving if a country can produce its own power in a clean, nationalised and price honoured way, they really should.
Spare a though for Lithuania, had one nuclear power station, provided 70% of their electricity, necessary condition of joining EU was that they decommission it, so they closed it in 2004 to become an energy importer.
Lithuania was earlier this month paying 100 x more than fellow EU state Sweden for electricity.
From their flagship TV news sources below:
www.lrt.lt
www.lrt.lt
Many parts of Continental Europe often get 10 degrees+ colder than UK during winters, a lot of European countries are in for a harsh few winters over this as well as us.
Something will have to give, there will need to be some similar government financial support to the covid furlough or there will be a lot of trouble ahead.
Spare a though for Lithuania, had one nuclear power station, provided 70% of their electricity, necessary condition of joining EU was that they decommission it, so they closed it in 2004 to become an energy importer.
Lithuania was earlier this month paying 100 x more than fellow EU state Sweden for electricity.
From their flagship TV news sources below:
Lithuania is paying 100 times more for electricity than Sweden – why?
The cosmic rise of electricity prices in Lithuania has not peaked yet, analysts warn. With the country paying more for i...
www.lrt.lt
Lithuania to reach electricity price record on Wednesday evening, firms to reduce production
On Wednesday evening, the wholesale electricity price will reach 4 euros per kWh in the Lithuanian, Latvian, and Estonia...
www.lrt.lt
Many parts of Continental Europe often get 10 degrees+ colder than UK during winters, a lot of European countries are in for a harsh few winters over this as well as us.
Something will have to give, there will need to be some similar government financial support to the covid furlough or there will be a lot of trouble ahead.
What’s your solution? They are global suppliers supplying to a global market and enough people willing to pay the going rate.
If we don’t buy it somebody else will.
Tbf it's really a Europe problem. Things are bad elsewhere, but not this bad.
Soldato
Well it is supply and demand on a global scale.
Supply has dropped due to Russia/Ukraine. The supply could be restored if we allowed it, or it will likely to go up anyway over time.
The UK individually still needs to import energy we are not energy positive. So we cannot be completely isolated from the global impact.
Now that being said we could be significantly decoupled from the global issues (ie we would have to buy less at global pricing) if we followed a national strategy of energy extraction being for the national good, but we don't.
IF we choose to nationalised energy extraction (avoiding the issues on who would be performing this etc) then we could certainly see a lower price in the UK for the combined (averaged) cost of utilities.
The public hasn't been for nationalisation of just about anything as a majority so its no real surprise than we haven't had a nationalise energy sector for some time.
The problem with attempting nationalisation during current times would be the valuation of the thing being nationalised would be well up, so nationalising it would cost us all a fortune by another door.
If we force nationalised it and didn't pay a fair price we would simply trash our global reputation, like see direct foreign investment plummet, globals pull out (to avoid risk we would nationalise that next) etc etc
Soldato
They are really really bad in less developed countries that do not have domestic energy production.
They literally cannot afford to buy it
Its just not that news worthy in the UK.
They are however more accustomed to this as an issue than we are. Energy is not taken for granted for a hell of a lot of the globe.
Permabanned
EU faces awful winters without gas cap - minister
Calls mount for an EU-wide cap on the price of gas and for it not to dictate the price of electricity.
www.bbc.co.uk
Soldato
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just bought 2 electric blankets. both single bed 40w. one for the lad. he is only 6 and his bedroom juts out and is the coldest room in the house due to 3 external walls
and one for us to put a cross the foot of the bed to keep our feet warm. I hate being hot in bed but when it gets really cold my feet are like lumps of ice. I figure warm feet warm body and the Mrs can have a hot water bottle . only £20 each from Argos.
and one for us to put a cross the foot of the bed to keep our feet warm. I hate being hot in bed but when it gets really cold my feet are like lumps of ice. I figure warm feet warm body and the Mrs can have a hot water bottle . only £20 each from Argos.
But that doesn’t cover lack of supply.EU faces awful winters without gas cap - minister
Calls mount for an EU-wide cap on the price of gas and for it not to dictate the price of electricity.www.bbc.co.uk
Permabanned
The supply is the supply changing the price doesn’t change how much supply there is, but it does prevent a looming recession.
According to the chancellor a load of options have been prepared which will be presented to the new leader.
But of course both Truss and Sunak are set on their path now, Sunak's been the far more sensible one even if its not enough.
Seeing lots of people saying they all as bad as each other, no no no (in thatcher's words) Truss is far worse than the rest.
Soldato
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there was a graph shown about how truss, Sunak and starmer claim would dish out the cash to help.
truss' was offensive
starmer's looked pie in the sky.
Sunak's imo looked to be on the right lines in terms of the ratios of who gets what but far to low to make a difference imo.
I saw this. I'll see if I can find it. Was a great visual
