Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
The CfD payments go to the Low Carbon Contracts Company (LCCC) which is an independent limited company owned by Business, Energy and Industrial Strategy (BEIS). These payments are used to protect consumers from over-payment.
Permabanned
Ok I think we need a bit detail. What payments and over payment of what exactly?
CfD - When the energy price goes over the agreed strike price, renewable generators pay back this difference back to the LCCC, this protects consumers from over paying for renewable energy.
Permabanned
Could have been worse? We have a multi-multi millionaire in Sunak who not only doesn’t have a clue how the majority of people in this country live, but also has been boasting about how he funnelled money away from poorer communities and into the hands of the well off.
Watch: Sunak boasted about taking taxpayer money out of 'deprived urban areas' to help wealthy towns
"This is our money. It should be spent fairly and where it’s most needed - not used as a bribe to Tory members."
www.thelondoneconomic.com
Permabanned
What do the LCCC do with that money?
See above [https://forums.overclockers.co.uk/t...-strictly-no-referrals.18948056/post-35768583]
They give it back to energy suppliers, which helps reduce your bill.
Soldato
Could have been worse? We have a multi-multi millionaire in Sunak who not only doesn’t have a clue how the majority of people in this country live, but also has been boasting about how he funnelled money away from poorer communities and into the hands of the well off.
Watch: Sunak boasted about taking taxpayer money out of 'deprived urban areas' to help wealthy towns
"This is our money. It should be spent fairly and where it’s most needed - not used as a bribe to Tory members."
When are people going to stop voting for these asshats.
Permabanned
Oh do they now. Surely you just take it off at the point of sale that way you don’t need another layer of administration and therefore cost.
Soldato
Renewable energy is not cheap either
Soldato
It will be unaffordable for many. A significant reduction in quality of life. Clearly this source of energy and way it being managed/owned is not viable if it can impact people in such a negative way.
Permabanned
Result for who exactly?
Soldato
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- 23 May 2006
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I agree it needs to be improved decoupling gas from renewable however it is unreasonable to assume Putin doing what he is doing and the embargoes with Russia were not got to affect us. but blame Putin and his cronies for that.
Permabanned
Blaming Putin isn’t going to solve anything though. We are to blame for our own situation and I thought no one wanted Russia’s gas and oil anymore.
Best result can hope for in near term. I don't see it ever getting much lower than that
Permabanned
That’s still going to affect a lot of people though.
Soldato
Its probably not for this thread as there is another one going on this topic in speakers corner.
However I thought this when I first heard the candidates. Having followed the voting stuff though, TV debates etc, I genuinely think that she is more forward looking than Sunak is. She seems to be willing (as least, in appearance), to challenge and change some of the existing policies that have contributed to this mess in the first place. Whether that is, as I say, just appearances rather than substance I don't know. Whereas in my opinion Sunak has had 2 years to make a mark and we've ended up in this mess. Yeah I know he was hampered probably with Johnson but he was part of that. It is it him that voted for the NI rise along with Johnson when Truss seems to have been challenging against it in cabinet. It is him that channeled billions in fraudulent covid money. Who came up with eat out to help out which probably extended covid lockdowns? Who came up with the stamp duty holiday which only saw prices rise massively during the period.
thats my 2p on it. I hope Truss wins only because I think we might see a different approach. Whether it will work who knows, but we need something not more of the same.
Soldato
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I know I respondong to someone saying the system isn't working. ..... there is more that needs to be done but global disasters are going to cause problems. too many people are trying to use this to suggest frakking and coal is the answer and that renewables don't work. my view is renewables have to work even if it means government having to step in for a few years.