UK Power supplies Winter 2022/2023. Are you prepared ?

[theoldrouge]

Well the Wall Street Journal has seen the light pity no one here can

 

https://www.wsj.com/amp/articles/net-zero-bankrupts-britain-household-energy-bills-climate-11661523856

Edited August 30, 2022 by theoldrouge

[honeybee13]

I try not to read Murdoch papers, TOR.

[tobyjugg2]

Have I Got News For You

@haveigotnews

·

Aug 25

 

After Shell is ordered to pay £536,000 for overcharging prepayment customers, bosses argue it will take more than 40 seconds to recoup that much money.

[tobyjugg2]

Its NOT moving to net-zero thats bankrupting British people and businesses

The only so called low carbon problems are the ones that are NOT low carbon OR renewable- like blue hydrogen and carbon trades.

Simple fact - and that fact is only going to get more real as time passes.

 

£5000 average bills projected - and its quite clearly, blatantly and obviously absolutely sod all to do the small net-zero tariff.

 

and its also clearly and blatantly obvious to anyone with a working brain cell that fossil fuels are the problem NOT an answer or solution.

 

Edited August 30, 2022 by tobyjugg2

[tobyjugg2]

Wholesale gas prices tumble as Europe prepares to intervene in energy markets | Gas | The Guardian

WWW.THEGUARDIAN.COM

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European Commission says it is working ‘flat out’ on emergency intervention and on longer-term structural reform

 

 

The UK gov appears to be working flat out to ensure the energy company record profits continue at British public and businesses cost

[tobyjugg2]

 

 

UK gas, electricity industry may make 170 bln pounds excess profits -Bloomberg

WWW.REUTERS.COM

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Britain's gas producers and electricity generators could make excess profits of up to 170 billion pounds ($198 billion) over the next two years...

 

[honeybee13]

I see Gazprom cut off a pipeline today. 

[brassnecked]

More muck hitting the fan then HB

[tobyjugg2]

So looking at the apparent populist plans so far,

 

Around  37B of 'support (mainly supporting the profiteering) - and we know how those claims aleways fall short

Made up of

* a 5billion windfall tax .. maybe - but that seems has loads of out clauses for 'investment which was already planned anyway - for which they are already getting taxpayer support

 

* and the rest on the taxpayers credit card

for which the energy companies will be getting 170 billion pounds of EXCESS (over and above what they would have made) profit

 

 

Tell you what, give me 170 Billion and I'll give 100 Billion back to the uK TAXPAYER, and give 50 billion to the development of renewable energy projects. and the same next year unless the price drops to what it was last year.

 

 

Seems quite clear to me that the 5 billion tax on energy profiteering should be at least 50 Billion this year alone. With half to relieve energy bills and half to renewable projects

We'd still have the 30B+ that was intended to be dropped on the taxpayers for contingency.

 

You simply CANNOT trust the energy companies to invest and be reasonable - any more than the water companies.

 

 

Edited August 31, 2022 by tobyjugg2

[theoldrouge]

23 hours ago, honeybee13 said:

I try not to read Murdoch papers, TOR.

OK let’s have a go with the Telegraph then

 

https://www.telegraph.co.uk/news/2022/08/26/how-governments-cult-net-zero-wrecked-energy-market/

 

Or perhaps the Spectator au

 

https://www.spectator.com.au/2022/05/the-end-of-net-zero/

 

 

[honeybee13]

The Telegraph link doesn't work for me.

 

 

[tobyjugg2]

So, without renewable energy, even temporarily putting aside making the world unlivable

Whats your plan for energy supplies @theoldrouge?

 

Some detail with timescales?

 

Noting that the 'green levy' only makes up 8% (eight percent) of the current bills even before the Oct price rise, when as a percentage, it will fall further

.. and that without the wind and solar that has been funding - we would be REALLY in the doodoo.

 

also given my bills have doubled already even with existing wind and solar ...

Edited August 31, 2022 by tobyjugg2

[tobyjugg2]

Russias Gazprom has just announced record profits of (£35.8bn) for the first six months of this year, apparently helped by ineffective e sanctions

... So what says Shell, we'd made over £14BN by the start of February

 

.. ditto says BP,  our gross profit for just the quarter ending June 30, 2022 was $22.140B, a 133.05% profit increase year-over-year

 

as Liz Truss says no more windfall taxes on British success stories

 

Gazprom to pay Kremlin £8.6bn after record profits | Gazprom | The Guardian

WWW.THEGUARDIAN.COM

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Politicians wait to see whether Russia switches back on Nord Stream 1 gas supply to Europe

 

 

BP Gross Profit 2010-2022 | BP

WWW.MACROTRENDS.NET

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BP annual/quarterly gross profit history and growth rate from 2010 to 2022. Gross profit can be defined as the profit a company makes after...

 

[unclebulgaria67]

Using Ukraine war to manipulate markets ?

 

In a few years time I expect some of the people involved will be subject investigations.

 

 

 

 

[brassnecked]

Absolutely so UB its a False Flag. Zelensky is becoming very rich indeed.  The Ukrainian people suffer, and we will also suffer to keep vainglorious Politician's ego's well massaged.  Especially the greased piglet basking in the limelight of his swansong.

[tobyjugg2]

1 hour ago, unclebulgaria67 said:

Using Ukraine war to manipulate markets ?

 

In a few years time I expect some of the people involved will be subject investigations.

 

 

 

Shell, BP, Gazprom?

The governments that enabled the profiteering and laundered the money through their havens?

 

1 hour ago, brassnecked said:

Absolutely so UB its a False Flag. Zelensky is becoming very rich indeed.  The Ukrainian people suffer, and we will also suffer to keep vainglorious Politician's ego's well massaged.  Especially the greased piglet basking in the limelight of his swansong.

 

 

What complete bollocks

Just what are you alleging there, that Zelinsky is pretending to be Russian troops, or that Russia is pretending to be Zelinsky?

 

Based on what?

 

* Gazprom making vast amounts of money by bypassing sanctions and selling at higher rates to others?

 

* BP, Shell and western energy companies using sanctions to make vast profits - far HIGHER than Gazprom - from UK customers (less from other countries), enabled and promoted by the current UK government?

 

The only false flag operations here is by Western energy companies ripping off British customers with the collusion of the UK government.

Edited September 1, 2022 by tobyjugg2

[theoldrouge]

The current crisis has s*d all to do with Ukraine that has merely brought the chickens of the stupidity and indulgence of net zero home to roost

Politicians queued up to fawn at the feet of a Scandinavian schoolgirl(other than Donald who was warning Germany about reliance on Russian gas) instead of maintaining energy security 

[honeybee13]

IMO it shows lack of foresight in becoming over-reliant on a country as a supplier that doesn't keep to its agreements for the gas supply.

 

If we'd moved on with things like wind power, tidal, solar, insulation of houses and so on, the UK would now be less dependent on imported carbon fuels.

 

Yes, some of the renewable infrastructure isn't that pretty but these things can be sited next to motorways and railway lines, for instance. Surely it's better than burning the planet that our children and grandchildren need to live on after us.

[honeybee13]

From Damian Carrington on the Guardian live feed, 11.31 today.

 

The energy crisis is hitting UK household budgets harder than any country in western Europe, according to analysis by the International Monetary Fund. The difference between the cost burden on poor and rich households is also far more unequal in the UK compared with other countries.

The reason is the UK’s heavy reliance on gas to heat homes and produce electricity at a time when Russia’s war in Ukraine has sent gas prices soaring. In addition, the UK has the least energy efficient homes in western Europe.

There is widespread agreement from energy experts on the best solutions: a large-scale and rapid insulation programme and a faster roll-out of wind and solar energy, which produce electricity that is currently about nine times cheaper than that from gas, as well as short-term financial support for bill payers. The government has consistently failed over the past decade to deliver major insulation programmes and has effectively banned onshore wind.

[honeybee13]

Links between Truss and opaquely funded think tanks and the policies they're suggesting.

 

Revealed: Cost of living ‘solutions’ floated by Truss allies

WWW.OPENDEMOCRACY.NET

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MP says Truss would be a ‘puppet’ for right-wing groups that have already generated a dozen of her policies

 

[tobyjugg2]

No windfall tax

Perhaps reduction in the higher rate energy VAT for businesses

all the costs/bills on the plebs tax credit card

- so not greatly different to Sunak

 

 

.. and if the yanks (and whoever but including the UK) hadn't played silly buggers is Syria, Russia would probably still be supplying gas, although rebuilding the USSR has always been in Putins cards

 

and if the UK had used the green levy to build green infrastructure rather than waste reams of it on fiddle carbon credits and suchlike, no doubt we would still probably be funding EXCESS (clues in the word) profits for western energy giants and the associated money marketsm because thats what right wing ****** populists do.

 

Interesting that Germany is making Giant strides in resolving their dependence on Russian energy, whereas the UK is just hoping the EU will use their stores and sell us some back over winter while the UK focuses on safeguarding Energy company EXCESS profits for British gas.

[tobyjugg2]

MPs claimed £200,000 to pay utility bills on second homes last year

WWW.INDEPENDENT.CO.UK

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Exclusive: Taxpayers’ support to heat MPs’ second homes ‘adds insult to injury’, say campaigners

 

[honeybee13]

31 minutes ago, tobyjugg2 said:

No windfall tax

Perhaps reduction in the higher rate energy VAT for businesses

all the costs/bills on the plebs tax credit card

- so not greatly different to Sunak

 

 

.. and if the yanks (and whoever but including the UK) hadn't played silly buggers is Syria, Russia would probably still be supplying gas, although rebuilding the USSR has always been in Putins cards

 

and if the UK had used the green levy to build green infrastructure rather than waste reams of it on fiddle carbon credits and suchlike, no doubt we would still probably be funding EXCESS (clues in the word) profits for western energy giants and the associated money marketsm because thats what right wing ****** populists do.

 

Interesting that Germany is making Giant strides in resolving their dependence on Russian energy, whereas the UK is just hoping the EU will use their stores and sell us some back over winter while the UK focuses on safeguarding Energy company EXCESS profits for British gas.

 

But they hate the EU. Why would they want their energy?

[honeybee13]

Here's Prof Murphy with a thread on how electricity prices are worked out. It favours the big producers and acts against renewables. This could be how Truss justifies a windfall tax on renewables but no the big producers.

 

 

[tobyjugg2]

6 minutes ago, honeybee13 said:

 

But they hate the EU. Why would they want their energy?

 

Because we've let our storage capacity rot .. and the EU hasn't

 

More imcompetent and/or corrupt 'cost savings' from the populists

Like Truss 'cost savings' in getting rid of doodoo monitors .. and we all know the results from that

 

Edited September 1, 2022 by tobyjugg2