Energy Prices (Strictly NO referrals!)

muon · 30 Aug 2022 at 17:19

France is probably the best placed. Only a small proportion is gas with half being nuclear power. EDF are crying because they have been forced to sell their cheaper electricity without profiteering.

UK:

G. B. National Grid status

www.gridwatch.templar.co.uk

France:

French National Grid status

www.gridwatch.templar.co.uk

https://www.rte-france.com/en/eco2mix/power-generation-energy-source

What's interesting is how much France imports. It imports a fair bit from the UK. That's probably where they get screwed.

Caracus2k · 30 Aug 2022 at 17:34

413x said:
People (rightly) question why their 100% renewable tariffs are going up.

If they want to think they are on 100% renewables they need to be deprived of power every time such sources aren't providing enough energy to meet demand.

200sols · 30 Aug 2022 at 17:35

squerble said:
Our gas reserves are beyond minuscule though, compared to some European countries, so it's not really a plus point for us.

Hardly miniscule north sea produces 50% of what we use.

muon · 30 Aug 2022 at 17:39

This is interesting. The history of taxation on north sea profits.

https://commonslibrary.parliament.uk/research-briefings/sn00341/#:~:text=What%20taxes%20are%20paid%20on,3.1%20billion%20in%202021%2F22.

It is always reactionary. Should just set a flat % and that way you won't end up too late.

Loagi · 30 Aug 2022 at 17:40

I'm starting to think there won't be any shortage of power/gas this Winter - due to everyone cutting back because of the price theres going to be a surplus.

relicalpha · 30 Aug 2022 at 17:43

Would now be a sensible time to get smart meter(s) fitted to replace dated magnetic ones? Not interested in the data/savings but more if there's a higher chance of new tariffs on the way that might require them?

Hagar · 30 Aug 2022 at 17:45

muon said:
France is probably the best placed. Only a small proportion is gas with half being nuclear power. EDF are crying because they have been forced to sell their cheaper electricity

What's interesting is how much France imports. It imports a fair bit from the UK. That's probably where they get screwed.

EDF are suing the French government for loss of profit. France is blowing through billions trying to cap the energy markets.

UK exports of gas mainly go through Belgium and the Netherlands. Currently this is unrestricted but if the markets get tighter through the winter months, more will be retained for use here I am sure.

LabR@t · 30 Aug 2022 at 17:45

Don't see the point in a smart meter you can easily calculate how much you are using.

50p a unit and come. Jan a £ a unit

muon · 30 Aug 2022 at 17:52

Hagar said:
EDF are suing the French government for loss of profit. France is blowing through billions trying to cap the energy markets.

UK exports of gas mainly go through Belgium and the Netherlands. Currently this is unrestricted but if the markets get tighter through the winter months, more will be retained for use here I am sure.

It's not blowing through billions. EDF is likely getting record revenues. The cap is preventing EDF effectively making billions in profit at the expense of french consumers and businesses (french government is the majority shareholder anyway, so it is giving up it's own profit). EDF didn't invest in nuclear power plants with the expectation of what is happening today.

France shouldn't be affected much by higher gas prices for electricity, at least for domestic supply.

Philz0r · 30 Aug 2022 at 17:55

Tried to buy electric underblankets from argos, managed to get a single but the double went out of stock as i clicked to pay.

bigmike20vt · 30 Aug 2022 at 17:56

Caracus2k said:
If they want to think they are on 100% renewables they need to be deprived of power every time such sources aren't providing enough energy to meet demand.

the only way that could work to prove if you are right or not would be to not send any renewables to those who are NOT paying to be on a renewable tariff........ should that be the case then sure, those people would be without power sometimes perhaps.............. but those who are not paying a renewable tariff would see their bills go up a lot.

people on renewable tariffs are paying for any energy these use to be covered by renewable energy............. it does not mean they ONLY use renewable because that is not how the grid works... and i think you know this and are surely just being obtuse?

I genuinely do not know if renewable energy would be enough to cover those on renewable tariffs IF those customers were prioritised....... but that is afaik how it is meant to work.

bigmike20vt · 30 Aug 2022 at 18:00

Philz0r said:
Tried to buy electric underblankets from argos, managed to get a single but the double went out of stock as i clicked to pay.

i ordered 2 on Sunday... they were not available for C&C but i was able to get them on delivery (so had to pay £3.95 extra) of course i wont count my chickens until the parcel arrives at my door

I am tight... the single sized ones were £20 at argos, and more expensive else where so hoping the order comes through

Hagar · 30 Aug 2022 at 18:03

muon said:
It's not blowing through billions. EDF is likely getting record revenues. The cap is preventing EDF effectively making billions in profit at the expense of french consumers and businesses (french government is the majority shareholder anyway, so it is giving up it's own profit). EDF didn't invest in nuclear power plants with the expectation of what is happening today.

France shouldn't be affected much by higher gas prices for electricity, at least for domestic supply.

EDF sues French government for £7bn after being forced to sell energy at a loss

Company has to sell power at prices below market rates as ministers try to tackle cost of living crisis and support households

www.theguardian.com

So not suing the government.

Hedge · 30 Aug 2022 at 18:04

Will lead to a big land and property grab by rich people when normal people struggle to afford to keep their houses or businesses. Then boom. Profit.

MassiveJim · 30 Aug 2022 at 18:07

why are we still exporting if we need the supply ourselves ?

muon · 30 Aug 2022 at 18:09

MassiveJim said:
why are we still exporting if we need the supply ourselves ?

We don't need the supply. The next question is, why is the price not lower then? The answer is other countries are willing to pay more for electricity the UK produces, so UK consumers/businesses have to match them.

At least it shows UK blackouts are unlikely, as the UK can just ban exports.

MassiveJim · 30 Aug 2022 at 18:12

muon said:
We don't need the supply. The next question is, why is the price not lower then? The answer is other countries are willing to pay more for electricity the UK produces, so UK consumers/businesses have to match them.

So when we say it is "UK's Gas", who is actually in charge of it ?

Whoever is in charge of this gas supply has essentially artificially increased the price, there costs haven't gone up significantly, someone somewhere is making huge huge profits from all of this.

muon · 30 Aug 2022 at 18:12

Hagar said:
EDF sues French government for £7bn after being forced to sell energy at a loss

Company has to sell power at prices below market rates as ministers try to tackle cost of living crisis and support households

www.theguardian.com

So not suing the government.

They are? I mean my original post said they were crying.

muon · 30 Aug 2022 at 18:13

MassiveJim said:
So when we say it is "UK's Gas", who is actually in charge of it ?

Whoever is in charge of this gas supply has essentially artificially increased the price, there costs haven't gone up significantly, someone somewhere is making huge huge profits from all of this.

Have you seen Shell and Centrica profits?

Some of that will be captured by corporation tax.

Also see my earlier post.

Energy Prices (Strictly NO referrals!)

Because such a thing doesn't exist. Its just greenwashing. Most is. But there's a lot of renewables out there. Should be some buffer to the price.

forums.overclockers.co.uk

chrcoluk · 30 Aug 2022 at 18:14

MassiveJim said:
why are we still exporting if we need the supply ourselves ?

Profit.

Its private owned companies. Thats the problem with Truss's plan. Can drill for more oil, but it doesnt mean much if we still have to buy it on the global market.