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Energy Prices


MuckleMoo

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I mean, woe betide folk who spunk out £12 a month on a subscription to Netflix so that they actually have something to watch on the telly as they stay in the hoose night after night, day after day.

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I mean, woe betide folk who spunk out £12 a month on a subscription to Netflix so that they actually have something to watch on the telly as they stay in the hoose night after night, day after day.
Reach out from your woollen blanket only to play Connect 4 by the last remnants of the night's 1 candle, or you are a bourgeois w****r IMO.
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25 minutes ago, Gaz said:

He's literally talking about people going to a five-star resort complaining about heating bills. I specifically said that was an extreme example but the narrative that everyone with a Netflix subscription is utterly feckless when it comes to money and deserves to be destitute because of PRiORitIEs isn't a massive leap to make.

He's literally talking about the quote below

"These people (I include myself) should not be subsidised with £400 handouts, while loads of people slip into real fuel poverty" as in prioritise those people.

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7 minutes ago, Left Back said:

He's literally talking about the quote below

"These people (I include myself) should not be subsidised with £400 handouts, while loads of people slip into real fuel poverty" as in prioritise those people.

I really don't think he was. I think it's quite clear in relation to Oaksoft's question that he feels people should prioritise expenditure to cope with the cost increase. In this particular example, these people should be prioritising their energy bills instead of a nice holiday, and also not grumble because at least they can afford the increase. He's not talking about the UK Gov prioritising low income families at this point.

And, like has been pointed out already, just because someone is on holiday in 2022 (that could have been paid for before Covid), is really is no reason to decide that they can either afford or can't complain about the projected increase in energy prices in 2023.

Edited by Todd_is_God
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FFS to elaborate on my tiny post you are arguing over.

I do not believe "myself" (I won't categorise everyone) who can afford a 5 star holiday should be receiving state handouts for Fuel price increases.

Govt should direct all the help they can muster to where it is really required.

Those that are contemplating turning the hot tub down by 2 degrees no special sympathy.

But yes I am still annoyed at how the market operates and can have a moan like us all.

Particularly that in Scotland the requirements for Gas to generate electricity are virtually Zero.

People forget before Green Levies we used to pay an extra premium to get "Hydro Electricity"  from the company that is now OVO owned but formally Scottish Hydro Electric.

Edited by superbigal
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So I've finally managed to get a gas quote for the new house I've moved into.  Gas is either gonna be around £160 a month on the variable rate of be £340/month for a fixed term of 1 year.  Grim.

Electricity I'm still to get an actual quote for which is infuriating.  Was on hold for ages with SSE, gave up and tried a live chat.  47th in the queue :D 

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2 hours ago, Todd_is_God said:

Fine, a typo, it reduced the amount of gas available. The point remains the same.

What is the cause then? What has caused the wholesale price of gas to skyrocket if not the shortage it coincides with?

It wasn't a typo though, it completely mixed up two entirely different energy sources.

I think I have already stated on multiple posts in this thread what is causing the massively disproportionate increase in cost. 

I note that you ignored my post regarding price predictions.  In all your posts blaming geopolitical activities you have never once looked at the actual market.  EEX is one of the largest energy exchanges in the world and has seen volumes go through the roof.  How does this stack up with your insinuation that Russia and COVID are responsible?

Quote

The EEX Natural Gas Derivatives markets grew more than five times in comparison to July 2021 to reach 351.6 TWh. Trading on the German THE (85.6 TWh), the French PEG (27.9 TWh), the Spanish PVB hub (7.4 TWh) and the Belgian ZTP hub (13.5 TWh) resulted in new monthly records.

Just out of curiosity do you happen to know how Germany's gas storage for winter is going at the moment with the lack of gas in the market?

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1 minute ago, strichener said:

It wasn't a typo though, it completely mixed up two entirely different energy sources.

It was a typo. It was (or at least should have been) clear that I was talking about a gas pipeline.

 

2 minutes ago, strichener said:

EEX is one of the largest energy exchanges in the world and has seen volumes go through the roof.  How does this stack up with your insinuation that Russia and COVID are responsible?

How does it not? Scarcity of a commodity will always lead to an increase in sale price of said commodity. Plus, a greater volume of transactions taking place via EEX is not proof of the total volume of gas available not reducing

"FRANKFURT, April 13 (Reuters) - Volumes of EEX's flagship power and gas futures products rose sharply in the first quarter of 2022, the European Energy Exchange said on Wednesday, as operators hedged their positions amid a surge in market volatility due to the Ukraine crisis.

EEX chief Peter Reitz noted Russia's invasion of Ukraine had raised concerns about European energy security and drove operators to the exchange, as they sought to move away from uncleared over-the-counter markets to reduce counterparty risks and save money.

The exchange's clearing house functions means it acts as an intermediary between buyers and sellers, saving those market participants from having to validate and complete their trades - which Reitz said had increased appeal in reducing risk."

8 minutes ago, strichener said:

Just out of curiosity do you happen to know how Germany's gas storage for winter is going at the moment with the lack of gas in the market?

About 66% capacity a few weeks ago. They are also heavily reliant on maintaining increased LPG imports currently to get through winter because, wait for it, the Nord Stream Gas pipeline is currently only supplying 20% of the volume it can.

"The War in Ukraine isn't driving the increase in gas costs" is an incredible statement. That you think the volume of gas available hasn't decreased either is amazing.

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22 minutes ago, strichener said:

It wasn't a typo though, it completely mixed up two entirely different energy sources.

I think I have already stated on multiple posts in this thread what is causing the massively disproportionate increase in cost. 

I note that you ignored my post regarding price predictions.  In all your posts blaming geopolitical activities you have never once looked at the actual market.  EEX is one of the largest energy exchanges in the world and has seen volumes go through the roof.  How does this stack up with your insinuation that Russia and COVID are responsible?

Just out of curiosity do you happen to know how Germany's gas storage for winter is going at the moment with the lack of gas in the market?

Yes Germany is doing very well for itself.  Target for capacity recently 31st August of 75% well exceeded already. 

Even if the Russians cut off all supply they will have plenty reserves through to the 2nd quarter of 2023.

Edited by superbigal
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12 minutes ago, superbigal said:

Yes Germany is doing very well for itself.  Target for capacity recently 31st August of 75% well exceeded already. 

Even if the Russians cut off all supply they will have plenty reserves through to the 2nd quarter of 2023.

Aye, smashing it right enough...

"Germany’s gas storage levels could reach 90 percent by 1 November, even under the scenario where flows from Russia through the crucial Nord Stream pipeline remain curbed, the association of gas storage system operators in Germany INES told news agency dpa. The calculations are based on the assumption that liquefied natural gas (LNG) imports remain high and gas transport through the Nord Stream 1 Baltic Sea pipeline continues at only 20 percent of its maximum capacity. If supply through the pipeline were to halt fully, the situation would have to be further assessed, said INES head Sebastian Bleschke. He said that even with storage levels above 90 percent, less gas than is usually needed would be available during winter if Nord Stream flows remain at today’s level. “The system will then only be balanced by a reduction in demand,” said Bleschke."

They've also introduced a €500 gas levy because they are doing very well for themselves...

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50 minutes ago, oaksoft said:

In my case, if my calculations are correct based on the projected increase in October, I can run one 1.5kW oil heater in each of two rooms for about 2.5 hours for a similar price to having the GCH on for an hour.

The question then is whether those oil heaters can warm the room sufficiently for our liking within that time period AND how long it takes before the oil heaters (once switched off) cool down enough for us to need to reheat. That'll give me two values for "numbers of hours of comfortable temperature" for equivalent energy costs from each source - one for oil heaters and one for GCH. I'll know at that point which is better for me to be running.

Central heating would heat the whole house though, rather than just 2 rooms. The adjacent rooms being warmer will also slow the cooling. 

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25 minutes ago, die hard doonhamer said:

Central heating would heat the whole house though, rather than just 2 rooms. The adjacent rooms being warmer will also slow the cooling. 

If you wanted to do a like for like comparison you'd have to switch off the radiators in all the other rooms.  If you left them on to heat the whole house you'd be pumping heat into those rooms as well.  Agree it would slow the cooling process as you've put more heat overall into the house if you left the radiators on in the other rooms but more heat = more gas used to produce that heat.

As pointed out yesterday there's no sense here.  Assuming you heat the room to the same temperature in both scenarios it will take slightly more energy in gas to achieve that result, as gas isn't 100% efficient.  roughly 10-15% more.  Gas is however less than a third of the cost of electricity so wins hands down.

 

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It has to be worthwhile now, to invest money (if folk have it) in "smartening" their home any which way they can. Hive, Individual room thermostats etc etc. I actually think smart home stuff is the future for keeping costs down and am a bit kicking myself at not having acted on some of it sooner.

Minimising waste is absolutely key to not pishing all your savings away during this.

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Poor Mrs Oaksoft, chained up in the living room while her jailer monitors her temperature for excess heat.

Who was getting ripped off by Scottish Power? @scottsdad? Just switched on the telly and there's a programme talking about them fucking people over on erroneous debts.

I did a comparison search for energy providers purely for a laugh last night, and they were by far and away the most expensive, quoting just under £10,000 for the year  :blink:  Maybe they just want rid of us all.

Edit: Rip-Off Britain on BBC1. Seemed like quite a coincidence.

Edited by BFTD
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30 minutes ago, BFTD said:

Poor Mrs Oaksoft, chained up in the living room while her jailer monitors her temperature for excess heat.

Who was getting ripped off by Scottish Power? @scottsdad? Just switched on the telly and there's a programme talking about them fucking people over on erroneous debts.

I did a comparison search for energy providers purely for a laugh last night, and they were by far and away the most expensive, quoting just under £10,000 for the year  :blink:  Maybe they just want rid of us all.

Edit: Rip-Off Britain on BBC1. Seemed like quite a coincidence.

They tried to charge me £11,600 despite me not being a customer of theirs for 7 years. 

I challenged them and they reduced it to about 3k. Challenged it again and they agreed I owed nothing. 

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2 minutes ago, scottsdad said:

They tried to charge me £11,600 despite me not being a customer of theirs for 7 years. 

I challenged them and they reduced it to about 3k. Challenged it again and they agreed I owed nothing. 

That was about the long and short of the TV show. They had debt collectors break into someone's house when they were on holiday to collect on a debt that belonged to someone else, among others. Makes you wonder if they're just incompetent, or if it's deliberate shakedown tactics because they know any money they get will outweigh any consequences that might come their way.

Very minor issue by comparison, but I've had SSE unilaterally cancel three different payment agreements over the past year and refer me to two different debt collection firms, with additional charges. Thankfully I'll have the total paid off soon, and I've got a message saying that they'll deduct the extra fees and call off the hounds, although they don't seem to have done so yet.

My favourite part was when I initially agreed to a twelve month plan, only for it to be cancelled after six months, with the reason given that, "oh, that's just what we do"  :1eye

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Got notification today that my fixed term tariff with Octopus comes to an end on 1st October and if I fix my tariff I'll be jumping from £119 per month to £409 but if I do nothing I'll go on the variable rate estimated to be £174.

How can any firm justify that difference? Surely it should be cheaper to fix than not

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When I was in process of.buying the house I had a chat with Home Energy Scotland.

There are grants available and things like PiP are a passport benefit that some on here may find they can then access funding.

This place is F rated with no GCH so hoping for a mild winter.

 

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5 hours ago, Gaz said:

I mean, woe betide folk who spunk out £12 a month on a subscription to Netflix so that they actually have something to watch on the telly as they stay in the hoose night after night, day after day.

Well when you think of it, having a netflix sub at 12 quid a month is a waste of money when they canny afford the leccy to power the tech they watch netflix on

It would be like buying electric cars and no chargers for them 

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