Energy Prices (Strictly NO referrals!)

[delta0]

Well if we are going to move industrial production back from China they do need to create a cheap workforce.

Automation is how it will come back. This is the US approach. Much higher salaries there but they are bringing back lots of manufacturing from China. They have just put a 10 year blocker on advanced technologies factories being setup in China.

 

[LabR@t]

You are in the right track, with enough automation we can have the best of both worlds a manufacturing and service economy.
. The Chinese are good at ip theft by lack innovation

 

[Harlequin]

You are in the right track, with enough automation we can have the best of both worlds a manufacturing and service economy.

History says otherwise

 

[LabR@t]

History says otherwise

My money is on hot war.

Nothing in the history books regarding automation, unless you are a time traveler

 

[Alex_6n2]

UK Gas hit 385p/thm today at one point

Only another ~80p to go until Truss' energy price cap (£2.5K) doesn't cost anything

Price cap will also mean inflation peaks in October at 10.8% according to Citi (the same people who forecast 22%)

 

[HungryHippos]

UK Gas hit 385p/thm today at one point

Only another ~80p to go until Truss' energy price cap (£2.5K) doesn't cost anything

Price cap will also mean inflation peaks in October at 10.8% according to Citi (the same people who forecast 22%)

That would be one for the books wouldn't it!?

 

[Chris Wilson]

Based on my financial team's analytics, we've calculated that the UK's average wage will need to increase by around 40% by May 2023 to maintain current standards of living.
This is when using current world interest rates and rate rise projections as data over the next 9 months.

Can you post the team's working outs please?

 

[Goodie]

UK Gas hit 385p/thm today at one point

Only another ~80p to go until Truss' energy price cap (£2.5K) doesn't cost anything

Price cap will also mean inflation peaks in October at 10.8% according to Citi (the same people who forecast 22%)

Oil cheapest since jan currently too, what energy crisis?

 

[LabR@t]

It's almost as if the whole crisis was manufactured

 

[Devilman]

Can you post the team's working outs please?

 

[Stumble Bum]

Based on my financial team's analytics, we've calculated that the UK's average wage will need to increase by around 40% by May 2023 to maintain current standards of living.
This is when using current world interest rates and rate rise projections as data over the next 9 months.

Oh look it's the troll who was telling people to just turn their freezer off for 3 months.

 

[chrcoluk]

UK Gas hit 385p/thm today at one point

Only another ~80p to go until Truss' energy price cap (£2.5K) doesn't cost anything

Price cap will also mean inflation peaks in October at 10.8% according to Citi (the same people who forecast 22%)

Seems to have been dropping since Germany announced it almost filled its reserves, I speculated recently we been paying more during summer due to Europe filling its storage.

Looking at the 5y graph though its still clearly very high and extremely volatile, look how smooth things were in early 2021 and older. So energy remains very insecure.

UK Natural Gas - Price - Chart - Historical Data - News

UK Gas increased 9.16 GBp/Thm or 11.35% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on September of 2024.

tradingeconomics.com

 

[LabR@t]

Seems to have been dropping since Germany announced it almost filled its reserves, I speculated recently we been paying more during summer due to Europe filling its storage.

Good news then

 

[purplesky]

Can you post the team's working outs please?

I'll see what I can get when I next meet. It's fairly complex and takes in many factors.

In a nutshell though, the 40% is partially based on GBP VS USD. US Fed are going to take on a very aggressive monetary tightening policy which will see interest rates ramped very high, and with QT, will make the USD much stronger. The UK and EU are not going to be anywhere close to the Fed in terms of rate rises, and with more stimulus (highly inflationary) to try and "manage" the energy crisis, both GBP and Euro have much further to fall. As everything is priced in USD, UK and EU customers are shafted. The governor of the BOfE had tried to talk the markets out of inflation, but they're having none of it as it's boss (US Federal Reserve) have called them out big time.

World demand will increase VS supply. Unfortunately for the UK and EU, the demand will be in the US who will be better placed to pay more reasonable prices given their stable currency. A hyperinflated currency like the GBP and Euro can only ever mean higher prices, so unless you get that significant pay rise, you will go without.

 

[chrcoluk]

Good news then

Todays price on my octopus gas tracker is 7.15p back to close to the weekend prices.

Electric is also dipping weekdays now, which this week is the first time since I signed up to agile 35p back on 1 july, before was only on Sundays.

 

[purplesky]

When oil drops to 30 USD but 1 GBP buys you 10 cents, we'll revisit this thread. Watch yourselves.

Same principle for gas.

 

[Goodie]

When oil drops to 30 USD but 1 GBP buys you 10 cents, we'll revisit this thread. Watch yourselves.

Same principle for gas.

see you there

 

[Minusorange]

When oil drops to 30 USD but 1 GBP buys you 10 cents, we'll revisit this thread. Watch yourselves.

Same principle for gas.

We'll need a new thread "this is getting ridiculous everything prices"

 

[RaXor77]

I'll see what I can get when I next meet. It's fairly complex and takes in many factors.

In a nutshell though, the 40% is partially based on GBP VS USD. US Fed are going to take on a very aggressive monetary tightening policy which will see interest rates ramped very high, and with QT, will make the USD much stronger. The UK and EU are not going to be anywhere close to the Fed in terms of rate rises, and with more stimulus (highly inflationary) to try and "manage" the energy crisis, both GBP and Euro have much further to fall. As everything is priced in USD, UK and EU customers are shafted. The governor of the BOfE had tried to talk the markets out of inflation, but they're having none of it as it's boss (US Federal Reserve) have called them out big time.

World demand will increase VS supply. Unfortunately for the UK and EU, the demand will be in the US who will be better placed to pay more reasonable prices given their stable currency. A hyperinflated currency like the GBP and Euro can only ever mean higher prices, so unless you get that significant pay rise, you will go without.

I can see what you meant when you previously said the USA were going to break the EU

 

[jpaul]

is it safe ? if you look to see where our gas came from in previous winters ... right here is where weyou start paying