Energy Prices

[Detournement]

America is losing profitable markets in Africa and Asia but luckily for them their pet EU and UK politicians are fine with bankrupting Europe.

 

[welshbairn]

Guardian

 

[DeeTillEhDeh]

Guardian
 

The penny appears to have dropped at last.

[Clown Job]

4 hours ago, welshbairn said:

Guardian

 

 

1 hour ago, DeeTillEhDeh said:

The penny appears to have dropped at last.

Funny seeing them blame them Russian invasion of Ukraine 

January 2022

Food prices have also risen due to supply chain disruptions and increased HGV driver wages after thousands left the UK for their home countries in the EU.

Meanwhile, energy bills are expected to soar as the government’s price cap is revised in February and implemented in April.

The wholesale price of gas spiked at the end of 2021 because of high demand around the world. 

Experts predict the energy regulator Ofgem may raise the price cap by more than 50 per cent this year, taking the average annual bill to nearly £2,000.

Campaigners and MPs have called on the government to remove the 5 per cent VAT rate on power but even if this is done, many households will still be pushed into fuel poverty.

Public concerns were also laid bare in a new poll that revealed one third of Brits fear they will be unable to pay their energy bills this year. 

A YouGov survey published by The Times found 33 per cent of people expect their fuel bills to become unaffordable in 2022.

Boris Johnson has said he is “constantly” meeting with chancellor Rishi Sunak, hinting that the government is on the verge of taking action. 

He told journalists on Monday that he understood how “difficult it is” and they were “looking at what we can do”.

HuffPost UK also understands the chancellor will meet with Tory backbenchers over three evenings this week to hear their concerns. 

 

[Todd_is_God]

Just now, Clown Job said:

 

Funny seeing them blame them Russian invasion of Ukraine 

January 2022

Food prices have also risen due to supply chain disruptions and increased HGV driver wages after thousands left the UK for their home countries in the EU.

Meanwhile, energy bills are expected to soar as the government’s price cap is revised in February and implemented in April.

The wholesale price of gas spiked at the end of 2021 because of high demand around the world. 

Experts predict the energy regulator Ofgem may raise the price cap by more than 50 per cent this year, taking the average annual bill to nearly £2,000.

Campaigners and MPs have called on the government to remove the 5 per cent VAT rate on power but even if this is done, many households will still be pushed into fuel poverty.

Public concerns were also laid bare in a new poll that revealed one third of Brits fear they will be unable to pay their energy bills this year. 

A YouGov survey published by The Times found 33 per cent of people expect their fuel bills to become unaffordable in 2022.

Boris Johnson has said he is “constantly” meeting with chancellor Rishi Sunak, hinting that the government is on the verge of taking action. 

He told journalists on Monday that he understood how “difficult it is” and they were “looking at what we can do”.

HuffPost UK also understands the chancellor will meet with Tory backbenchers over three evenings this week to hear their concerns. 

 

You've posted this twice now. It's nowhere near the homerun you think it is.

[welshbairn]

14 minutes ago, Clown Job said:

Funny seeing them blame them Russian invasion of Ukraine 

It's definitely a major factor, Russia started cutting supply around October2021 causing the first spike and forcing Europe to using up their gas reserves in anticipation of the invasion that we were confidently told would never happen, just pre-planned military exercises etc. The post Covid supply chain chokeholds and Brexit effects were always going to happen, but trusting and becoming dependent on Russia for a huge proportion of Europe's energy needs was probably the most naive and catastrophic post cold war strategy, a lot of it down to Germany.  

[Leith Green]

14 hours ago, welshbairn said:

Guardian

 

As an adjunct to that, this article might seem tedious, but it does explain some of the crazy price increases we have seen.

https://theconversation.com/renewables-are-cheaper-than-ever-so-why-are-household-energy-bills-only-going-up-174795

TLDR, the price paid to generators for electricity is determined by the most expensive producer - at the moment, Gas prices are bonkers (due to the supply issues from Russia and the fact that Asian countries want tankers of Middle Eastern LPG at least as much as European countries).

Hence....................we then have the ludicrous situation where Nuclear and Renewables dont have any higher input or production costs v 2020/21, but the price they are paid for their electricity generated is the same as the crazy prices paid for gas.

Obviously the shareholders of these generators are fuckin delighted, but its us who pay.

This is a systemic failure, and European governments seem unable/unwilling to take steps to change it.

The kunts.

[Dawson Park Boy]

12 hours ago, welshbairn said:

It's definitely a major factor, Russia started cutting supply around October2021 causing the first spike and forcing Europe to using up their gas reserves in anticipation of the invasion that we were confidently told would never happen, just pre-planned military exercises etc. The post Covid supply chain chokeholds and Brexit effects were always going to happen, but trusting and becoming dependent on Russia for a huge proportion of Europe's energy needs was probably the most naive and catastrophic post cold war strategy, a lot of it down to Germany.  

What’s Brexit got to do with this?

Surely most of the blame should be levelled on to EU countries who put their faith in Russia for gas and all the green nonsense.

[welshbairn]

4 minutes ago, Dawson Park Boy said:

What’s Brexit got to do with this?

Surely most of the blame should be levelled on to EU countries who put their faith in Russia for gas and all the green nonsense.

Brexit has contributed to inflation through added trading costs and labour shortages, it's just been masked and overwhelmed by the post Covid demand surge and Russia/Ukraine.

Edited August 29, 2022 by welshbairn

[Gaz]

I think my favourite thing about this whole thing has been comfortable middle-class Tories who have turned a blind eye to the suffering of poorer folk over the past twelve years because it hasn't affected them now becoming so, so concerned about how poorer folk are going to struggle paying their bills.

Nothing at all to to with these comfortable middle-class Tories also going to be struggling to pay their bills, nosiree

[Dawson Park Boy]

1 hour ago, welshbairn said:

Brexit has contributed to inflation through added trading costs and labour shortages, it's just been masked and overwhelmed by the post Covid demand surge and Russia/Ukraine.

Desperate stuff!

[welshbairn]

4 minutes ago, Dawson Park Boy said:

Desperate stuff!

It's not an opinion, just simple fact. There are costs associated with exiting the barrier free single market with our biggest trading partner and restricting our labour pool, even the most ardent Brexiteer would accept this while claiming it will all be worth it eventually, somehow.

[DA Baracus]

When in October does the increase kick in? Is it right away, i.e. the 1st?

[Todd_is_God]

1 minute ago, welshbairn said:

It's not an opinion, just simple fact. There are costs associated with exiting the barrier free single market with our biggest trading partner and restricting our labour pool, even the most ardent Brexiteer would accept this while claiming it will all be worth it eventually, somehow.

Whilst you are corrct that there were / are some costs, the pale into insignificance when compared to the costs associated with our intervention in Ukraine.

There is an air of desperation around those desperate to maximise the blame on actions they don't support (namely Brexit) and minimise / deny the impact caused by ones they do (covid restrictions / Ukraine).

[Todd_is_God]

5 minutes ago, DA Baracus said:

When in October does the increase kick in? Is it right away, i.e. the 1st?

October 1st. If it kicks in.

[V.Aye.R]

I still don't think many will have done their own personal household sums on this. 

Not a criticism of people, its not exactly straightforward doing gas unit conversions as an example. 

We've had our thermostat 2.5degC lower and reduced water system temperatures since March when our fix ended. I'd have it lower if it were just me but sitting at 19° for the moment to see how it goes. 

I've worked out roughly that our energy usage is down 18% vs last years summer period. Mostly gas usage which is down which will save around £300 in the winter alone. Small victories

[helicopter]

I'm a private landlord and my tenants are already starting to annoy me over this.

[Bairnardo]

16 minutes ago, helicopter said:

I'm a private landlord and my tenants are already starting to annoy me over this.

I'd have gone for something more subtle tbh. 

[MuckleMoo]

I'm a private landlord and my tenants are already starting to annoy me over this.

I think that might be the worst piece of trolling that I've ever seen on the internet, ever.

[throbber]

Are new build houses going to fall below the average expected rate due to them being so well insulated? I have always been in new builds, my last house was a mid terraced and a bit smaller than current one but I never remember it ever feeling cold to the point of really needing to blast the heating on. And no I’m not trying to gloat here.